RBC Capital took its American Eagle Outfitters [AEO] rating to the equivalent of Outperform from Sector Perform, and the price target to $30.0 from $23, in a research note dated 2021-01-25. That figure represents around a 23.56% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with Telsey Advisory Group’s analysts reiterating the shares to “a Market perform” rating in a research note to investors issued in mid-January. Meanwhile, Loop Capital had raised its rating on AEO to “Hold” from the earlier “Sell”, in a research note produced for clients on October 14, 2020. Besides, there was no change from B. Riley Securities on October 14, 2020. The rater maintained AEO to “a Buy” but assigned new target price of $18.
Is American Eagle Outfitters Inc. [NYSE: AEO] a Good Buy Right Now?
It should be noted that AEO technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from American Eagle Outfitters Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 4.83 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 5.17 million shares while the medium-term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 5.79 million shares.
AEO Price Performance
On Wall Street, American Eagle Outfitters Inc. [NYSE:AEO] finished Friday’s session up 1.46% at $24.28. The stock went up to $24.80 at the same session while its lowest single-day price was $23.50. In the last five days, it saw a rise of about 4.66%, American Eagle Outfitters Inc. shares gained by almost 20.98% since the beginning of the year. However, the share price has dropped to as low as 0.91% below its one-year high. On 01/22/21, the company shares recorded $24.80, the highest single-day price it has got to in the last 52-weeks, and a 52-week low was seen on 01/05/21, the same year at $19.70. The company’s shares have inclined by 65.28% in the past year. The 50-day SMA achieved is $19.59 while the 200-day SMA is $13.56. Volume gained to 12.26 million from 10.95 million in the previous session.