Under Armour Given New $79.00 Price Target at Telsey Advisory Group (UA)
Research analysts at Telsey Advisory Group boosted their target price on shares of Under Armour (NYSE:UA) from $64.00 to $79.00 in a report released on Friday, StockRatingsNetwork reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price objective points to a potential downside of 3.80% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of Under Armour in a research note to investors on Thursday. They now have a $77.00 price target on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Under Armour from $74.00 to $77.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, 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. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $70.29.
Shares of Under Armour (NYSE:UA) opened at 82.12 on Friday. 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 65.96.
Under Armour (NYSE:UA) last released its earnings data 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 in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. Analysts expect that Under Armour will post $1.45 EPS for the current fiscal year.
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.