Share on StockTwits

Analysts at Sterne Agee hoisted their price objective on shares of Under Armour (NYSE:UA) from $63.00 to $68.00 in a research report issued to clients and investors on Monday. Sterne Agee’s price objective indicates a potential upside of 12.86% from the stock’s previous close.

Under Armour (NYSE:UA) opened at 60.25 on Monday. Under Armour has a 1-year low of $29.725 and a 1-year high of $62.395. The stock’s 50-day moving average is $54.58 and its 200-day moving average is $51.81. The company has a market cap of $12.840 billion and a price-to-earnings ratio of 77.16.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.07 earnings per share. Under Armour’s revenue was up 36.0% compared to the same quarter last year. On average, analysts predict that Under Armour will post $0.92 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on UA. Analysts at Cowen and Company raised their price target on shares of Under Armour from $48.00 to $55.00 in a research note on Thursday. Separately, analysts at Citigroup Inc. upgraded shares of Under Armour from a “hold” rating to a “buy” rating in a research note on Wednesday, June 4th. They now have a $65.00 price target on the stock, up previously from $50.00. Finally, analysts at Jefferies Group upgraded shares of Under Armour from a “hold” rating to a “buy” rating in a research note on Wednesday, June 4th. They now have a $65.00 price target on the stock, up previously from $50.00. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $52.65.

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.