Deutsche Bank Reiterates “$12.00” Price Target for Under Armour (UA)

Under Armour (NYSE:UA) has been given a $12.00 price target by Deutsche Bank in a report released on Thursday. The firm currently has a “sell” rating on the stock. Deutsche Bank’s price target would suggest a potential downside of 11.89% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Pivotal Research set a $17.00 target price on Under Armour and gave the company a “hold” rating in a research note on Sunday, October 29th. Vetr cut Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.79 target price on the stock. in a research note on Wednesday, September 13th. SunTrust Banks cut Under Armour from a “buy” rating to a “hold” rating and set a $14.00 target price on the stock. in a research note on Wednesday, November 1st. Susquehanna Bancshares reissued a “sell” rating and issued a $15.00 target price on shares of Under Armour in a research note on Monday, October 23rd. Finally, Cowen set a $12.00 target price on Under Armour and gave the company a “hold” rating in a research note on Tuesday, October 31st. Nine investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $15.51.

Under Armour (NYSE UA) traded up $1.17 during trading on Thursday, hitting $13.62. 18,499,000 shares of the stock traded hands, compared to its average volume of 4,547,290. The company has a market capitalization of $5,459.38, a PE ratio of 30.15 and a beta of 1.02. Under Armour has a 52-week low of $10.36 and a 52-week high of $27.64.

Large investors have recently made changes to their positions in the company. LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Under Armour during the third quarter worth about $103,000. Pacer Advisors Inc. boosted its holdings in shares of Under Armour by 3.3% during the first quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock worth $137,000 after purchasing an additional 220 shares during the period. Massey Quick Simon & CO. LLC purchased a new stake in shares of Under Armour during the third quarter worth about $139,000. Carnick & Kubik LLC purchased a new stake in shares of Under Armour during the first quarter worth about $140,000. Finally, First Mercantile Trust Co. purchased a new stake in shares of Under Armour during the second quarter worth about $141,000. 31.86% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Deutsche Bank Reiterates “$12.00” Price Target for Under Armour (UA)” was originally posted by American Market News and is the sole property of of American Market News. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/15/deutsche-bank-reiterates-12-00-price-target-for-under-armour-ua.html.

About Under Armour

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.