The shares of NIKE (NYSE: NKE) have been given a price objective of $162 and a rating of ‘buy’ by the analysts of Credit Suisse on Tuesday. This indicates an 11.93% potential upside from the previous close of the company.
On Tuesday, the firm declined by $0.21, trading at $144.73 with the market cap being $228.17 billion. Their lowest in 52 weeks is $60 while the highest is $147.95. Their current, quick, and leverage ratio is 2.66, 1.97, and 0.88. Their 50 day rolling average is $138.50 while the 200 is $132.54. They had shares of 82,584 compared to 5,481,146 average volume.
According to the 17th December report, their quarterly EPS was $0.78, exceeding the $0.63 consensus estimate by almost $0.15. They had a 7.39% net margin along with a 34.89% equity return. Their revenue was $11.24, surpassing the $10.51 billion estimate.
Market Undertakings Of NKE Stock
KeyCorp lifted their price objective of NKE shares to $180 from $174 and gave a rating of ‘overweight’. Barclays promoted it to $174 from $150 and gave a rating of ‘overweight’. Wedbush raised it to $152 from $142 and gave a rating of ‘outperform’.
Pivotal Research upped it to $167 from $160 and gave a rating of ‘buy’. The firm has the consensus ‘buy’ recommendation with a $158.06 price objective.
Chris Abston, VP, sold off 20,000 NKE shares at $142.16 EPS worth $2,843,200. Monique Matheson, EVP, sold off 28,500 NKE shares at $142.54 EPS worth $4,062,390. Insiders own 3.80% NIKE stock.
FMR increased its holdings on NIKE stock by nearly 1.5%, owning $4,401,651,000 worth of shares. Price Associates upgraded their stake by roughly 18% and own shares priced at $4,142,170,000. Morgan Stanley raised their position by approximately 31.3%, owning $2,758,153,000 worth of shares. Institutional investors own 64.20% NKE stock.
Nike is a global brand that is known for selling athletic footwear, apparel, clothing, and accessories in different parts of the world.
