Nike Price Target Raised to $74.00 at Telsey Advisory Group (NKE)
Stock analysts at Telsey Advisory Group hoisted their target price on shares of Nike (NYSE:NKE) from $69.00 to $74.00 in a report issued on Friday, AnalystRatings.Net reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target indicates a potential upside of 5.20% from the stock’s previous close.
Shares of Nike (NYSE:NKE) opened at 70.34 on Friday. Nike has a 1-year low of $44.825 and a 1-year high of $70.56. The stock’s 50-day moving average is $66.0 and its 200-day moving average is $62.84. The company has a market cap of $62.627 billion and a price-to-earnings ratio of 25.93. Nike also saw some unusual options trading on Wednesday. Stock traders purchased 10,687 call options on the company. This represents an increase of 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 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.23 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee upgraded shares of Nike (NYSE:NKE) from a “neutral” rating to a “buy” rating in a research note to investors on Friday. Separately, analysts at Stifel Nicolaus downgraded shares of Nike (NYSE:NKE) from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a $35.00 price target on the stock. Finally, analysts at Buckingham Research raised their price target on shares of Nike (NYSE:NKE) from $68.00 to $81.00 in a research note to investors on Thursday. Twelve equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $70.47.
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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