Under Armour Price Target Increased to $77.00 by Analysts at Janney Montgomery Scott (UA)
Research analysts at Janney Montgomery Scott raised their price target on shares of Under Armour (NYSE:UA) from $74.00 to $77.00 in a report released on Thursday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. Janney Montgomery Scott’s price target suggests a potential downside of 6.23% from the company’s current price.
Under Armour (NYSE:UA) traded down 0.12% during mid-day trading on Thursday, hitting $82.12. The stock had a trading volume of 1,069,310 shares. Under Armour has a one year low of $44.32 and a one year high of $83.40. The stock’s 50-day moving average is $78.21 and its 200-day moving average is $65.74. The company has a market cap of $8.662 billion and a P/E ratio of 66.04.
Under Armour (NYSE:UA) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters 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.
A number of other firms have also recently commented on UA. Analysts at UBS AG raised their price target on shares of Under Armour from $68.00 to $80.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Under Armour from an “underweight” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $77.00 price target on the stock, up previously from $56.00. Finally, analysts at Susquehanna downgraded shares of Under Armour from a “positive” rating to a “neutral” rating in a research note to investors on Monday, September 16th. They now have a $77.00 price target on the stock. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Under Armour has an average rating of “Hold” and a consensus target price of $69.85.
Under Armour, Inc (NYSE:UA) is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.