JPMorgan Chase & Co. Boosts Under Armour (UA) Price Target to $13.00

Under Armour (NYSE:UA) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from $10.00 to $13.00 in a research note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 14.98% from the stock’s previous close.

Several other equities research analysts have also issued reports on UA. DA Davidson set a $17.00 price target on shares of Under Armour and gave the company a “hold” rating in a report on Wednesday. Vetr downgraded shares of Under Armour from a “strong-buy” rating to a “hold” rating and set a $14.92 target price on the stock. in a research report on Wednesday. Raymond James Financial reiterated a “sell” rating on shares of Under Armour in a research report on Tuesday. Piper Jaffray Companies set a $11.00 target price on shares of Under Armour and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Finally, Pivotal Research set a $14.00 target price on shares of Under Armour and gave the stock a “hold” rating in a research report on Monday. Nine analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company’s stock. Under Armour currently has an average rating of “Hold” and an average target price of $15.81.

Shares of Under Armour (UA) opened at $15.29 on Wednesday. The stock has a market cap of $5,821.57, a P/E ratio of 49.32 and a beta of 0.70. Under Armour has a 1-year low of $10.36 and a 1-year high of $21.81.

Several hedge funds and other institutional investors have recently modified their holdings of UA. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Under Armour in the 3rd quarter worth approximately $103,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Under Armour in the 4th quarter worth approximately $127,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Under Armour in the 3rd quarter worth approximately $139,000. Abbot Financial Management Inc. acquired a new position in shares of Under Armour in the 3rd quarter worth approximately $153,000. Finally, CIBC World Markets Inc. acquired a new position in shares of Under Armour in the 4th quarter worth approximately $157,000. Hedge funds and other institutional investors own 31.15% of the company’s stock.

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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.

Analyst Recommendations for Under Armour (NYSE:UA)

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