Under Armour (NYSE:UA)‘s stock had its “hold” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday, American Banking News reports. They currently have a $77.00 target price on the stock. JPMorgan Chase & Co.’s price target would suggest a potential downside of 6.23% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Janney Montgomery Scott raised their price target on shares of Under Armour from $74.00 to $77.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Under Armour from $68.00 to $80.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $69.85.
Under Armour (NYSE:UA) traded down 0.12% on Thursday, hitting $82.12. 1,069,310 shares of the company’s stock traded hands. Under Armour has a 52 week low of $44.32 and a 52 week high of $81.64. The stock has a 50-day moving average of $72.88 and a 200-day moving average of $60.93. The company has a market cap of $8.662 billion and a P/E ratio of 66.04.
Under Armour (NYSE:UA) last released its earnings data on Thursday, July 25th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.02. The company had revenue of $455.00 million for the quarter, compared to the consensus estimate of $448.91 million. During the same quarter last year, the company posted $0.06 earnings per share. Under Armour’s revenue was up 23.0% compared to the same quarter last year. On average, analysts predict that Under Armour will post $1.45 earnings per share 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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