Express (EXPR) Price Target Lowered to $8.00 at SunTrust Banks

Express (NYSE:EXPR) had its target price reduced by SunTrust Banks to $8.00 in a research note issued to investors on Wednesday morning. They currently have a hold rating on the stock.

Several other research analysts have also weighed in on EXPR. B. Riley reiterated a neutral rating on shares of Express in a report on Wednesday, November 1st. FBR & Co reiterated a hold rating and set a $7.00 target price on shares of Express in a report on Friday, September 29th. Zacks Investment Research lowered Express from a buy rating to a hold rating and set a $11.00 target price on the stock. in a report on Wednesday, January 3rd. BMO Capital Markets set a $10.00 target price on Express and gave the stock a hold rating in a report on Friday, December 1st. Finally, BidaskClub upgraded Express from a strong sell rating to a sell rating in a report on Thursday, September 28th. One analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. The stock has a consensus rating of Hold and an average target price of $8.88.

Express (NYSE:EXPR) opened at $7.26 on Wednesday. The firm has a market capitalization of $572.10, a PE ratio of 45.38 and a beta of 1.55. Express has a twelve month low of $5.28 and a twelve month high of $11.69.

Express (NYSE:EXPR) last posted its earnings results on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. The firm had revenue of $498.70 million for the quarter, compared to analyst estimates of $487.38 million. Express had a return on equity of 3.85% and a net margin of 0.60%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. equities analysts expect that Express will post 0.34 EPS for the current fiscal year.

Express announced that its Board of Directors has approved a share repurchase plan on Thursday, November 30th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Several institutional investors have recently modified their holdings of the company. Nomura Holdings Inc. bought a new stake in shares of Express in the second quarter valued at about $33,597,000. State Street Corp lifted its holdings in shares of Express by 9.8% in the second quarter. State Street Corp now owns 2,612,290 shares of the company’s stock valued at $17,633,000 after purchasing an additional 233,124 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Express by 478.1% in the second quarter. Renaissance Technologies LLC now owns 1,879,300 shares of the company’s stock valued at $12,685,000 after purchasing an additional 1,554,200 shares in the last quarter. Majedie Asset Management Ltd acquired a new stake in shares of Express in the third quarter valued at about $11,427,000. Finally, Contrarius Investment Management Ltd acquired a new stake in shares of Express in the third quarter valued at about $10,191,000. Institutional investors own 99.08% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Express (EXPR) Price Target Lowered to $8.00 at SunTrust Banks” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://stocknewstimes.com/2018/01/14/express-expr-price-target-lowered-to-8-00-at-suntrust-banks.html.

Express Company Profile

Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old. It offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions.

Analyst Recommendations for Express (NYSE:EXPR)

Receive News & Ratings for Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply