Express Inc (NYSE:EXPR) Has Just Had Its Price Target Heightened by Investment Analysts at Wedbush to $26.00


Stock Analysis:Express Inc (NYSE:EXPR) Stock Target Has Been Increased

In an analyst note revealed to investors and clients by Wedbush on Friday, 4 December, Express Inc (NYSE:EXPR) had its target price per share boosted to $26.00. The firm now has a solid “Outperform” rating on shares.

From a total of 17 analysts covering Express Inc. (NYSE:EXPR) stock, 11 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 61% of the ratings are positive. The highest target price is $27 while the lowest target price is $15. The mean of all analyst targets is $22.53 with a 36.03% above today’s ($17.07) stock price. Express Inc. was the topic of 12 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs downgraded shares on November 20 to “Sell” rating. Brean Capital maintained shares with “Buy” rating and $25 target share price in a report from an August 27. SunTrust maintained EXPR stock in a recent report from August 27 with “Neutral” rating. Mizuho maintained the rating on August 26. Mizuho has a “Buy” rating and a $24.0 price target on shares. Finally, UBS maintained the stock with “Neutral” rating in a report issued on an August 27.

The stock increased 4.53% or $0.74 on December 4, striking $17.07. Approximately shares of stock traded hands. Express, Inc. (NYSE:EXPR) has risen 2.77% since May 4, 2015 and is uptrending. It has outperformed by 3.85% the S&P500.

Express, Inc. is a specialty apparel and accessories retailer offering both women’s and men’s merchandise, targeting the 20 to 30 year old customer. The company has a market cap of $1.45 billion. The Firm offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeans wear and going-out occasions. It has 14.14 P/E ratio. The Firm operates one segment, which includes the operation of its brick-and-mortar retail and outlet stores, e-commerce activities and franchise operations.

According to Zacks Investment Research, “Express, Inc. is a specialty retailer of women’s and men’s apparel in the United States. The Company operates retail outlets in high-traffic shopping malls, lifestyle centers and street locations across the United States. It also sells its products through its e-commerce website, Express targets women and men between 20 and 30 years of age. The Company offers its customers an edited assortment of apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual and going-out occasions. Express, Inc. is headquartered in Columbus, Ohio.” Get a free copy of the Zacks research report on Express, Inc. (EXPR).