RBC Capital Thinks American Eagle’s Stock is Going to Recover

By Carrie Williams

RBC Capital analyst Brian Tunick reiterated a Buy rating on American Eagle (NYSE: AEO) yesterday and set a price target of $14. The company’s shares closed yesterday at $11.05, close to its 52-week low of $10.91.

According to TipRanks.com, Tunick is a 1-star analyst with an average return of -2.1% and a 47.4% success rate. Tunick covers the Services sector, focusing on stocks such as Signet Jewelers Limited, Ascena Retail Group, and Abercrombie Fitch.

Currently, the analyst consensus on American Eagle is Moderate Buy and the average price target is $15, representing a 35.7% upside.

In a report issued on May 10, Jefferies also reiterated a Buy rating on the stock with a $19 price target.

American Eagle’s market cap is currently $2.36B and has a P/E ratio of 9.53. The company has a book value ratio of 1.6685.

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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.