In a report released today, John Morris from BMO Capital reiterated a Buy rating on American Eagle (NYSE: AEO), with a price target of $15. The company’s shares opened today at $11.05, close to its 52-week low of $10.91.
According to TipRanks.com, Morris is a 1-star analyst with an average return of -1.2% and a 40.0% success rate. Morris covers the Services sector, focusing on stocks such as Duluth Holdings Inc, Abercrombie Fitch, and Burlington Stores.
Currently, the analyst consensus on American Eagle is Moderate Buy and the average price target is $15.67, representing a 41.8% upside.
In a report issued on May 10, Jefferies also reiterated a Buy rating on the stock with a $19 price target.
Based on American Eagle’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $1.1 billion and quarterly net profit of $54.62 million. In comparison, last year the company earned revenue of $749 million and had a net profit of $40.48 million.
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American Eagle Outfitters, Inc. engages in the retail of clothing, accessories, and personal care products. It operates through the American Eagle Outfitters and Aerie brands. The company was founded in 1977 and is headquartered in Pittsburgh, PA.