Under Armour Stock Rating Reaffirmed by Deutsche Bank (UA)
Under Armour (NYSE:UA)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Friday. They currently have a $60.00 price objective on the stock, up from their previous price objective of $50.00. Deutsche Bank’s price objective points to a potential downside of 13.18% from the company’s current price.
A number of other firms have also recently commented on UA. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Under Armour in a research note on Friday. They now have a $69.00 price target on the stock, up previously from $54.00. Separately, 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. Finally, 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. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $58.48.
Under Armour (NYSE:UA) traded down 0.63% during mid-day trading 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 has a 50-day moving average of $59.14 and a 200-day moving average of $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 issued its quarterly earnings data 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. Analysts expect that Under Armour will post $0.94 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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