Under Armour PT Raised to $54.00 (UA)
KeyCorp boosted their target price on shares of Under Armour (NYSE:UA) from $50.00 to $54.00 in a research note issued on Friday, AnalystRatingsNetwork reports. The firm currently has an “underweight” rating on the stock. KeyCorp’s price objective suggests a potential downside of 32.65% from the stock’s previous close.
Under Armour (NYSE:UA) traded up 0.25% on Friday, hitting $80.18. 1,939,134 shares of the company’s stock traded hands. 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 released its earnings data 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.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price 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.
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