Nike Price Target Raised to $72.00 at Janney Montgomery Scott (NKE)
Janney Montgomery Scott lifted their price objective on shares of Nike (NYSE:NKE) from $70.00 to $72.00 in a research note issued on Thursday, Stock Ratings Network reports. The firm currently has a “neutral” rating on the stock. Janney Montgomery Scott’s target price indicates a potential downside of 1.96% from the company’s current price.
NKE has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Nike from $69.00 to $72.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Nike in a research note to investors on Friday, October 4th. They now have a $75.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Nike from $77.00 to $82.00 in a research note to investors on Friday, October 4th. They now have a “buy” rating on the stock. Twelve analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $76.27.
Nike (NYSE:NKE) traded up 3.60% during mid-day trading on Thursday, hitting $73.44. 5,552,413 shares of the company’s stock traded hands. Nike has a one year low of $44.825 and a one year high of $75.25. The stock has a 50-day moving average of $67.84 and a 200-day moving average of $64.0. The company has a market cap of $65.318 billion and a P/E ratio of 23.93.
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. Analysts expect that Nike will post $3.04 EPS for the current fiscal year.
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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