Several brokerages have updated their recommendations and price targets on shares of Under Armour (NYSE: UAA) in the last few weeks:

  • 4/17/2017 – Under Armour had its price target lowered by analysts at FBR & Co from $41.00 to $39.00. They now have a “neutral” rating on the stock.
  • 4/14/2017 – Under Armour had its “underperform” rating reaffirmed by analysts at FBR & Co. They now have a $14.00 price target on the stock.
  • 4/14/2017 – Under Armour had its “underperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $14.00 price target on the stock.
  • 4/11/2017 – Under Armour is now covered by analysts at Wedbush. They set a “neutral” rating and a $18.00 price target on the stock.
  • 4/11/2017 – Under Armour had its “neutral” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $17.00 price target on the stock.
  • 4/6/2017 – Under Armour had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $27.00 price target on the stock.
  • 4/3/2017 – Under Armour was downgraded by analysts at FBR & Co from a “market perform” rating to an “underperform” rating. They now have a $14.00 price target on the stock, down previously from $20.00.
  • 3/29/2017 – Under Armour was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $22.38 price target on the stock.
  • 3/24/2017 – Under Armour was upgraded by analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating. They now have a $27.00 price target on the stock, up previously from $19.00.
  • 3/10/2017 – Under Armour had its “sell” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $14.00 price target on the stock.
  • 2/28/2017 – Under Armour was downgraded by analysts at Instinet from a “neutral” rating to a “reduce” rating.
  • 2/27/2017 – Under Armour was downgraded by analysts at Instinet from a “neutral” rating to a “reduce” rating. They now have a $16.00 price target on the stock.
  • 2/27/2017 – Under Armour was downgraded by analysts at Nomura from a “neutral” rating to a “sell” rating. They now have a $16.00 price target on the stock, down previously from $27.00.
  • 2/20/2017 – Under Armour was downgraded by analysts at Susquehanna Bancshares Inc. They wrote, “pro-business president” and a “real asset for the country.” However, in today’s politically charged environment, supporting the president is an unpopular position — especially among Hollywood celebrities and athletes. By contrast, a company that manufactures heavy equipment for industrial use is more likely to be able to openly support the president without seeing any backlash from its customers.Related Link: A CEO Who’s Who Of Trump’s Manufacturing CouncilIn fact, one of Under Armour’s most notable brand athletes, NBA superstar Steph Curry, blasted Plank’s support for Trump.According to Bloomberg News’ Joe Weisenthal, the downgrade is one of the most fascinating stories of the week as the CEO’s support of Trump is now “reason enough to downgrade the company.”Political Motivations At LargeMoving forward, buying (or not buying) Under Armour’s products will partly be politically motivated. Specifically, those in the pro-Trump camp may become brand loyal towards Under Armour but those in the anti-Trump camp who were already brand loyal to Under Armour may now shop elsewhere.As such, Weisenthal noted that there may be some logic to Poser’s thinking and it could also mark a shift in how Wall Street research firms look at companies under their coverage. This is why Weisenthal believes no company wants to be labeled as either “pro-Trump” or “anti-Trump.”The bigger problem is, by the time Trump’s first term comes to an end in four years, it is unlikely there won’t be a single company left that hasn’t earned the reputation as being on one side or the other.Image Credit: By Dcavalli (Own work) [a href=”http://creativecommons.org/licenses/by-sa/3.0”

Under Armour Inc (NYSE:UAA) opened at 19.19 on Thursday. The company’s 50 day moving average price is $19.62 and its 200 day moving average price is $27.35. The company has a market cap of $8.42 billion and a P/E ratio of 43.12. Under Armour Inc has a 52-week low of $18.40 and a 52-week high of $47.94.

Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, January 31st. The company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.02. The business earned $1.31 billion during the quarter, compared to analysts’ expectations of $1.41 billion. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. Equities research analysts anticipate that Under Armour Inc will post $0.42 EPS for the current fiscal year.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/weekly-research-analysts-ratings-updates-for-under-armour-uaa.html

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

5 Day Chart for NYSE:UAA

Receive News & Ratings for Under Armour Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour Inc and related companies with MarketBeat.com's FREE daily email newsletter.