Analysts’ Recent Ratings Updates for NIKE (NKE)

Several investment firms have updated their stock ratings and price targets on shares of NIKE (NYSE: NKE) in the last week:

NIKE had its “hold” rating re-affirmed by analysts at Canaccord Genuity. They now have a $92.00 price target on the stock.

NIKE had its “outperform” rating re-affirmed by analysts at Robert W. Baird.

NIKE had its price target lowered by analysts at DA Davidson to $123.00.

NIKE was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $95.00 price target on the stock, down previously from $130.00.

NIKE was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating. They now have a $93.00 price target on the stock, down previously from $123.00.

NIKE was downgraded by analysts at Sterne Agee from a “buy” rating to a “neutral” rating.

NIKE had its “buy” rating re-affirmed by analysts at Janney Montgomery Scott.

NIKE had its price target lowered by analysts at Credit Suisse to $93.00. They now have a “neutral” rating on the stock.

NIKE ‘s EPS estimates were cut by analysts at UBS AG. They now have a “buy” rating and a $99.00 price target on the stock. They previously had a $125.00 price target on the stock.

NIKE had its “buy” rating re-affirmed by analysts at Jefferies Group.

NIKE had its price target lowered by analysts at Citigroup to $98.00.

NIKE was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.

About NIKE, Inc.:

NIKE, Inc. (NIKE), is engaged in design, development and marketing of footwear, apparel, equipment and accessory products. NIKE is a seller of athletic footwear and athletic apparel in the world. The Company sells its products to retail accounts, through NIKE-owned retail stores, and Internet sales, and through a mix of independent distributors and licensees, in over 170 countries around the world. NIKE’s athletic footwear products are designed primarily for specific athletic use. It also markets footwear designed for baseball, cheerleading, football, golf, lacrosse, outdoor activities, skateboarding, tennis, volleyball, walking, wrestling, and other athletic and recreational uses. The Company sells sports apparel and accessories, as well as athletic bags and accessory items. It also markets apparel with licensed college and professional team, and league logos.

Shares of NIKE, Inc. traded up 1.83% during mid-day trading on Tuesday, hitting $90.48. NIKE, Inc. has a 52 week low of $76.98 and a 52 week high of $114.81. The company has a market cap of $41.449 billion and a P/E ratio of 18.78.

NIKE last announced its earnings results on Thursday, June 28th. The company reported $1.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.37 by $0.20. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts predict that NIKE, Inc. will post $1.02 earnings per share next quarter.

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Posted by Web Inquirer Staff on 4 Jul 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.