American Eagle Outfitters Inc. [AEO] stock Upgrade by JP Morgan analyst, price target now $31

American Eagle Outfitters Inc. [NYSE: AEO] surged by $0.61 during the normal trading session on while it closed the day at $19.82.

American Eagle Outfitters Inc. stock has also loss -0.70% of its value over the past 7 days. However, AEO stock has declined by -19.10% in the 3 months of the year. Over the past six months meanwhile, it has lost -2.99% and lost -6.33% year-on date.

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The market cap for AEO stock reached $3.89 billion, with 196.94 million shares outstanding and 179.85 million shares in the current float. Compared to the average trading volume of 4.73M shares, AEO reached a trading volume of 5592143 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about American Eagle Outfitters Inc. [AEO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AEO shares is $25.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AEO stock is a recommendation set at 2.75. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for American Eagle Outfitters Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 09, 2024. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $22 to $25. The new note on the price target was released on March 08, 2024, representing the official price target for American Eagle Outfitters Inc. stock. Previously, the target price had yet another raise from $19 to $22, while Telsey Advisory Group kept a Market Perform rating on AEO stock. On November 15, 2023, analysts increased their price target for AEO shares from 12.50 to 19.

The Average True Range (ATR) for American Eagle Outfitters Inc. is set at 0.65, with the Price to Sales ratio for AEO stock in the period of the last 12 months amounting to 0.73. The Price to Book ratio for the last quarter was 2.22, with the Price to Cash per share for the same quarter was set at 1.53. Price to Free Cash Flow for AEO in the course of the last twelve months was 10.09 with Quick ratio for the last quarter at 0.81.

AEO stock trade performance evaluation

American Eagle Outfitters Inc. [AEO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.70. With this latest performance, AEO shares dropped by -8.62% in over the last four-week period, additionally sinking by -2.99% over the last 6 months – not to mention a rise of 66.55% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AEO stock in for the last two-week period is set at 38.62, with the RSI for the last a single of trading hit 41.48, and the three-weeks RSI is set at 38.80 for American Eagle Outfitters Inc. [AEO]. The present Moving Average for the last 50 days of trading for this stock 22.24, while it was recorded at 19.42 for the last single week of trading, and 20.95 for the last 200 days.

American Eagle Outfitters Inc. [AEO]: An insightful look at the core fundamentals

American Eagle Outfitters Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.81 and a Current Ratio set at 1.70.

Earnings per share (EPS) analysis for American Eagle Outfitters Inc. [AEO] stock

With the latest financial reports released by the company, American Eagle Outfitters Inc. posted 0.25/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 56.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AEO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for American Eagle Outfitters Inc. go to 12.70%.

American Eagle Outfitters Inc. [AEO]: Institutional Ownership

The top three institutional holders of AEO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in AEO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in AEO stock with ownership which is approximately 5.1238%.

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