Nike Given Average Rating of “Buy” by Analysts (NYSE:NKE)
Shares of Nike (NYSE:NKE) have earned a consensus recommendation of “Buy” from the twenty-nine ratings firms that are currently covering the company, AnalystRatingsNetwork reports. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $83.48.
In other Nike news, CFO Donald W. Blair unloaded 50,000 shares of the stock on the open market in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $79.25, for a total value of $3,962,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Nike (NYSE:NKE) opened at 76.35 on Friday. Nike has a 1-year low of $62.60 and a 1-year high of $80.26. The stock has a 50-day moving average of $77.27 and a 200-day moving average of $75.36. The company has a market cap of $66.294 billion and a P/E ratio of 25.71. Nike also was the target of some unusual options trading on Tuesday. Investors bought 14,004 call options on the stock. This represents an increase of 164% compared to the average volume of 5,303 call options.
Nike (NYSE:NKE) last announced its earnings results on Thursday, June 26th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts expect that Nike will post $3.39 EPS for the current fiscal year.
A number of research firms have recently commented on NKE. Analysts at Zacks reiterated a “neutral” rating on shares of Nike in a research note on Thursday, July 17th. They now have a $81.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Nike from $78.00 to $80.00 in a research note on Friday, June 27th. They now have a “neutral” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of Nike from $70.00 to $75.00 in a research note on Friday, June 27th. They now have a “neutral” rating on the stock.
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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