NIKE (NYSE: NKE) was downgraded by equities research analysts at HSBC (NYSE: HBC) from an "overweight" rating to a "neutral" rating in a research note issued to investors on Tuesday. They currently have a $96.00 price target on the stock, down from $100.00.
Separately, analysts at Stifel Nicolaus reiterated a "buy" rating on shares of NIKE in a research note to investors on Monday, August 29th. Also, analysts at UBS AG (NYSE: UBS) raised their price target on shares of NIKE from $90.00 to $90.00 in a research note to investors on Monday, July 18th. They now have a "buy" rating on the stock.
Shares of NIKE opened at 84.04 on Wednesday. NIKE has a 52 week low of $69.43 and a 52 week high of $94.23. The stock's 50-day moving average is $85.76 and its 200-day moving average is $84.06. The company has a market cap of $39.905 billion and a price-to-earnings ratio of 19.14.
NIKE, Inc. last announced its quarterly results on Monday, June 27th. The company reported $1.24 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.16 EPS by $0.08. The company’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts predict that NIKE will post $0.98 EPS next quarter.
NIKE, Inc. (NIKE) is engaged in design, development and marketing of footwear, apparel, equipment and accessory products. It is a seller of athletic footwear and athletic apparel in the world. It sells its products to retail accounts, through NIKE-owned retail, including stores and Internet sales, and through a mix of independent distributors and licensees, in over 170 countries around the world. NIKE’s athletic footwear products are designed primarily for specific athletic use. It also markets footwear designed for aquatic activities, baseball, cheerleading, football, golf, lacrosse, outdoor activities, skateboarding, tennis, volleyball, walking, wrestling, and other athletic and recreational uses. It also markets apparel with licensed college and professional team, and league logos. It sells a line of performance equipment under the NIKE brand name, including bags, socks, sport balls, eyewear, timepieces, electronic devices, bats, gloves and protective equipment.
Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day.Click here to register.