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Under Armour (NYSE:UA) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Friday, reports. The firm currently has a $65.00 price target on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 34.24% from the stock’s previous close. The analysts noted that the move was a valuation call.

Under Armour (NYSE:UA) traded down 3.97% on Friday, hitting $48.42. 9,169,973 shares of the company’s stock traded hands. Under Armour has a 52 week low of $27.76 and a 52 week high of $62.395. The stock has a 50-day moving average of $55.92 and a 200-day moving average of $47.57. The company has a market cap of $10.248 billion and a P/E ratio of 67.23. Under Armour also saw unusually large options trading on Wednesday. Stock investors acquired 19,195 call options on the stock. This is an increase of 312% compared to the average volume of 4,657 call options.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.02. The company had revenue of $642.00 million for the quarter, compared to the consensus estimate of $598.78 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 36.0% on a year-over-year basis. On average, analysts predict that Under Armour will post $0.93 earnings per share for the current fiscal year.

A number of other firms have also recently commented on UA. Analysts at Sterne Agee reiterated a “sell” rating on shares of Under Armour in a research note on Thursday. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Under Armour in a research note on Wednesday. They now have a $60.00 price target on the stock, down previously from $105.00. Finally, analysts at Deutsche Bank cut their price target on shares of Under Armour from $100.00 to $50.00 in a research note on Tuesday. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Under Armour currently has an average rating of “Hold” and an average target price of $74.05.

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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