Under Armour Price Target Raised to $85.00 at Wedbush (UA)
Stock analysts at Wedbush raised their price objective on shares of Under Armour (NYSE:UA) from $74.00 to $85.00 in a report issued on Friday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price target indicates a potential upside of 6.01% from the company’s current price.
Under Armour (NYSE:UA) traded up 0.25% during mid-day trading 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 has a 50-day moving average of $72.88 and a 200-day moving average of $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 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 25.7% on a year-over-year basis.
UA has been the subject of a number of other recent research reports. Analysts at KeyCorp raised their price target on shares of Under Armour from $50.00 to $54.00 in a research note to investors on Friday. They now have an “underweight” rating on the stock. Separately, analysts at Janney Montgomery Scott cut their price target on shares of Under Armour from $77.00 to $73.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $74.24.
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.