Under Armour Given “Neutral” Rating at Citigroup Inc. (UA)
Under Armour (NYSE:UA)‘s stock had its “neutral” rating restated by equities research analysts at Citigroup Inc. in a research note issued to investors on Friday. They currently have a $69.00 price target on the stock, up from their previous price target of $54.00. Citigroup Inc.’s target price points to a potential downside of 0.16% from the company’s current price.
Under Armour (NYSE:UA) traded down 0.63% on Friday, hitting $69.11. The stock had a trading volume of 4,193,266 shares. Under Armour has a 52-week low of $33.43 and a 52-week high of $70.94. The stock’s 50-day moving average is $59.14 and its 200-day moving average is $53.60. The company has a market cap of $14.728 billion and a P/E ratio of 90.56.
Under Armour (NYSE:UA) last announced its earnings results on Thursday, July 24th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.01. The company had revenue of $610.00 million for the quarter, compared to the consensus estimate of $572.47 million. During the same quarter last year, the company posted $0.16 earnings per share. Under Armour’s revenue was up 34.1% compared to the same quarter last year. On average, analysts predict that Under Armour will post $0.94 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Telsey Advisory Group raised their price target on shares of Under Armour from $58.00 to $69.00 in a research note on Friday. They now have a “not rated” rating on the stock. Separately, analysts at DA Davidson reiterated a “neutral” rating on shares of Under Armour in a research note on Friday. They now have a $72.00 price target on the stock, up previously from $58.00. Finally, analysts at Canaccord Genuity raised their price target on shares of Under Armour from $60.00 to $80.00 in a research note on Friday. They now have a “buy” rating on the stock. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Under Armour presently has an average rating of “Buy” and an average target price of $58.48.
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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