Under Armour Inc (NYSE:UA) has earned an average broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold recommendation. Under Armour’s rating score has declined by 79.6% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12-month consensus price objective of $36.00 for the company and are forecasting that the company will post ($0.04) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Under Armour an industry rank of 233 out of 265 based on the ratings given to related companies.
A number of research firms have recently issued reports on UA. Jefferies Group LLC raised shares of Under Armour to a “buy” rating and set a $27.00 price target on the stock in a research note on Saturday, March 25th. FBR & Co downgraded shares of Under Armour from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $20.00 to $14.00 in a research note on Monday, April 3rd. Cowen and Company reissued a “market perform” rating and issued a $19.00 price target on shares of Under Armour in a research note on Tuesday, April 4th. Vetr downgraded shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $20.36 price target on the stock. in a research note on Monday, April 3rd. Finally, Zacks Investment Research downgraded shares of Under Armour from a “hold” rating to a “sell” rating in a research note on Saturday, March 25th.
Shares of Under Armour (NYSE:UA) traded up 1.00% on Friday, hitting $18.11. 2,520,258 shares of the company were exchanged. The stock has a market capitalization of $7.94 billion and a PE ratio of 40.70. The firm’s 50-day moving average is $18.10 and its 200-day moving average is $23.70. Under Armour has a 52-week low of $17.05 and a 52-week high of $46.18.
TRADEMARK VIOLATION WARNING: This article was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2017/04/20/zacks-under-armour-inc-ua-given-36-00-consensus-price-target-by-analysts-updated-updated.html.
A number of large investors have recently made changes to their positions in UA. City Holding Co. increased its stake in shares of Under Armour by 50.5% in the first quarter. City Holding Co. now owns 26,045 shares of the company’s stock valued at $515,000 after buying an additional 8,740 shares during the last quarter. Capital Impact Advisors LLC increased its stake in shares of Under Armour by 58.6% in the first quarter. Capital Impact Advisors LLC now owns 60,501 shares of the company’s stock valued at $1,197,000 after buying an additional 22,364 shares during the last quarter. Bank of The West increased its stake in shares of Under Armour by 4.2% in the first quarter. Bank of The West now owns 84,479 shares of the company’s stock valued at $1,671,000 after buying an additional 3,404 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Under Armour during the first quarter valued at $627,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Under Armour during the fourth quarter valued at $1,174,000.
Under Armour Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.