Nike Given New $85.00 Price Target at Barclays Capital (NKE)
Investment analysts at Barclays Capital upped their price target on shares of Nike (NYSE:NKE) from $75.00 to $85.00 in a note issued to investors on Friday, Analyst Ratings Network reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price objective suggests a potential upside of 15.43% from the stock’s previous close.
A number of other firms have also recently commented on NKE. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Nike (NYSE:NKE) to $83.00 in a research note to investors on Friday. Separately, analysts at UBS AG downgraded shares of Nike (NYSE:NKE) from a “buy” rating to a “hold” rating in a research note to investors on Friday. They noted that the move was a valuation call. Finally, analysts at Telsey Advisory Group raised their price target on shares of Nike (NYSE:NKE) from $69.00 to $74.00 in a research note to investors on Friday. They now have a “not rated” rating on the stock. Thirteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Nike presently has an average rating of “Buy” and a consensus price target of $73.54.
Nike (NYSE:NKE) traded up 4.69% on Friday, hitting $73.64. The stock had a trading volume of 15,599,474 shares. Nike has a 1-year low of $44.825 and a 1-year high of $70.56. The stock has a 50-day moving average of $66.0 and a 200-day moving average of $62.84. The company has a market cap of $65.566 billion and a P/E ratio of 25.93. Nike also was the target of unusually large options trading on Wednesday. Traders bought 10,687 call options on the stock. This represents an increase of approximately 136% compared to the typical daily volume of 4,522 call options.
Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, September 26th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.08. The company had revenue of $7.80 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the previous year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis.
NIKE, Inc (NYSE:NKE) is engaged in the design, development and worldwide marketing and selling of footwear, apparel, equipment, accessories and services.
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