Under Armour Given New $73.00 Price Target at Janney Montgomery Scott (UA)
Analysts at Janney Montgomery Scott cut their target price on shares of Under Armour (NYSE:UA) from $77.00 to $73.00 in a research report issued to clients and investors on Friday, American Banking & Market News reports. The firm currently has a “neutral” rating on the stock. Janney Montgomery Scott’s target price indicates a potential downside of 8.95% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Under Armour from $71.00 to $100.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at DA Davidson reiterated a “neutral” rating on shares of Under Armour in a research note to investors on Friday. They now have a $88.00 price target on the stock, up previously from $85.00. Finally, analysts at Deutsche Bank raised their price target on shares of Under Armour from $65.00 to $70.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. Under Armour presently has a consensus rating of “Hold” and an average target price of $74.24.
Under Armour (NYSE:UA) traded up 0.25% on Friday, hitting $80.18. The stock had a trading volume of 1,939,134 shares. Under Armour has a 52-week low of $44.32 and a 52-week high of $81.64. The stock’s 50-day moving average is $72.88 and its 200-day moving average is $60.93. The company has a market cap of $8.458 billion and a P/E ratio of 64.24.
Under Armour (NYSE:UA) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.02. The company had revenue of $723.00 million for the quarter, compared to the consensus estimate of $709.69 million. During the same quarter last year, the company posted $0.54 earnings per share. Under Armour’s revenue was up 25.7% compared to the same quarter last 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.