Under Armour Given New $50.00 Price Target at Susquehanna (UA)
Equities research analysts at Susquehanna raised their price target on shares of Under Armour (NYSE:UA) from $48.00 to $50.00 in a research note issued to investors on Monday, Analyst Ratings News reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price objective suggests a potential downside of 5.77% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Under Armour in a research note on Wednesday, April 16th. They now have a $54.00 price target on the stock. Separately, analysts at Sterne Agee upgraded shares of Under Armour from a “neutral” rating to a “buy” rating in a research note on Monday, April 7th. They now have a $125.00 price target on the stock, down previously from $170.00. Finally, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Under Armour in a research note on Monday, March 24th. They now have a $112.00 price target on the stock, up previously from $100.00. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. Under Armour currently has a consensus rating of “Hold” and an average price target of $89.45.
Under Armour (NYSE:UA) opened at 53.06 on Monday. Under Armour has a 52-week low of $27.35 and a 52-week high of $62.395. The stock’s 50-day moving average is $56.75 and its 200-day moving average is $47.11. The company has a market cap of $11.231 billion and a P/E ratio of 70.75.
Under Armour (NYSE:UA) last announced its earnings results on Friday, January 31st. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. The company had revenue of $683.00 million for the quarter, compared to the consensus estimate of $620.10 million. Analysts expect that Under Armour will post $0.92 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.
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