The stocks of NKE were hit by a new yearly high during the trading that took place on Friday just after the price target was increased. According to a report, Cowen decided to increase the price target of the company from $145 to $181, where the company has a rating of outperform on the stock. The company did trade at a high of $153.94 with a low of $153. The previous close of the company came at about $133.60.
The Stock Commentary of NKE
The stocks of NKE have been the subject of quite a number of research reports. Stifel Nicolaus has already increased the price target of the company from $168 to $213 with a rating of buy in a Friday research report. JPMorgan Chase & Co has also put up a price target of $176 with a rating of buy in a 21st April research report. Deutsche Bank has also increased the price target of the company from $161 to $179 with a rating of buy in a Friday research report.
Piper Sandler has also increased the price target of the company from $170 to $174 with a rating of overweight in a Friday research report. In the end, Robert W. Baird increased the price target from $150 to $192 with a rating of outperform in a Friday research report.
One of the investment analysts has already put up a rating of sell, while four others have issued a rating of hold. Close to thirty others have issued a rating of buy. Currently, NKE has a buy rating with a price target of $168.63.
NKE previously posted its quarterly reports on the stocks on the 23rd of June. The EPS reported by the company during this period was $0.93, with the consensus estimate coming to around $0.51. The return on equity for the company was 34.41%, with a net margin set at 8.90%. The revenue generated by the company during this period was $12.30 billion, with the consensus estimate coming to $11.02 billion.
