The stocks of NKE have been given a rating of buy by around thirty-seven different brokerages that have covered the firm. According to a report, one of the investment analysts has given the company a rating of sell, while four others have given the company a rating of hold. Close to twenty-nine analysts have issued the company a rating of buy. Currently, the price target of the company over a period of a year has been set at $161.20.
The Stock Commentary Of NKE
There have been quite a few companies that have commented on the stocks of NKE. Morgan Stanley has already increased the price target of the company from $172 to $185 with a rating of overweight in a Wednesday research report. Barclays has already reiterated a rating of buy with a price target of $174 in a 19th March research report.
Pivotal Research has also increased the price target of the company from $160 to $167 with a rating of buy in a 16th March research report. The Bank of America has already reiterated its rating of neutral with a price target of $150 in a 19th May research report.
The stocks of NKE traded on Friday at $128.41. The moving average price of the company over a period of 50 days is $133.16. The market cap of the firm is $202.88 billion, with a 60.57 PE ratio and a PEG ratio of 1.63. The year low of the company is $93.57, with a year high of $147.95. The quick ratio of the company is 2.02, with a 2.78 current ratio.
NKE previously released its quarterly results on the 17th of March. The EPS reported by the company over the quarter is $0.90, with the consensus estimate set at $0.75. The net margin of the company is 8.90%, with a 34.41% return on equity. The revenue generated by the company during this period was $10.40 billion which is quite less than the consensus estimate of $10.98 billion.
