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Investment analysts at Cowen and Company upped their target price on shares of Nike (NYSE:NKE) from $83.00 to $90.00 in a note issued to investors on Friday. Cowen and Company’s price target points to a potential upside of 15.86% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Nike in a research note on Friday. They now have a $81.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated a “positive” rating on shares of Nike in a research note on Friday. Finally, analysts at Deutsche Bank raised their price target on shares of Nike from $85.00 to $90.00 in a research note on Friday. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Nike presently has an average rating of “Buy” and an average target price of $83.63.

Nike (NYSE:NKE) traded up 1.07% on Friday, hitting $77.68. The stock had a trading volume of 9,071,120 shares. Nike has a 1-year low of $61.90 and a 1-year high of $80.26. The stock’s 50-day moving average is $75.37 and its 200-day moving average is $75.24. The company has a market cap of $68.214 billion and a P/E ratio of 26.24. Nike also was the recipient of some unusual options trading on Thursday. Traders acquired 39,193 put options on the stock. This is an increase of 818% compared to the average volume of 4,268 put options.

Nike (NYSE:NKE) last released its earnings data on Thursday, June 26th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.03. The company had revenue of $7.43 billion for the quarter, compared to the consensus estimate of $7.34 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. On average, analysts predict that Nike will post $3.37 earnings per share for the current fiscal year.

NIKE, Inc (NYSE:NKE) is engaged in the design, development and worldwide marketing and selling of footwear, apparel, equipment, accessories and services.

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