Under Armour Rating Lowered to Neutral at Susquehanna (UA)
Under Armour (NYSE:UA) was downgraded by analysts at Susquehanna from a “positive” rating to a “neutral” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
Shares of Under Armour (NYSE:UA) traded down 1.86% during mid-day trading on Monday, hitting $77.04. 1,207,835 shares of the company’s stock traded hands. Under Armour has a 52 week low of $44.32 and a 52 week high of $81.64. The stock’s 50-day moving average is $72.88 and its 200-day moving average is $60.93. The company has a market cap of $8.127 billion and a price-to-earnings ratio of 63.05.
Under Armour (NYSE:UA) last released its earnings data on Thursday, July 25th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $455.00 million for the quarter, compared to the consensus estimate of $448.91 million. During the same quarter last year, the company posted $0.06 earnings per share. Under Armour’s revenue was up 23.0% compared to the same quarter last year. On average, analysts predict that Under Armour will post $1.45 earnings per share for the current fiscal year.
UA has been the subject of a number of other recent research reports. Analysts at DA Davidson downgraded shares of Under Armour (NYSE:UA) from a “buy” rating to a “neutral” rating in a research note to investors on Friday. They now have a $85.00 price target on the stock, up previously from $79.00. Separately, analysts at Credit Suisse downgraded shares of Under Armour (NYSE:UA) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Under Armour (NYSE:UA) in a research note to investors on Monday, September 9th. They now have a $85.00 price target on the stock, up previously from $75.00.
Thirteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $67.89.
Under Armour, Inc (NYSE:UA) is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth.
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