A statement released earlier today by Citigroup about Nike Inc. (NYSE:NKE) raises the target price to $64.00
- Updated: September 27, 2016
In a report issued 9/28/2016 Citigroup raised the target price of Nike Inc. (NYSE:NKE) from $61.00 to $64.00 reporting a potential upside of 0.16%.
On 9/26/2016, Vetr Inc. released a statement on Nike Inc. (NYSE:NKE) upped the target price from $0.00 to $58.12 that suggested an upside of 0.05%.
Having a price of $55.34, Nike Inc. (NYSE:NKE) traded 1.73% higher on the day. With the last close down -3.47% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Nike Inc. has recorded a 50-day average of $56.79 and a two hundred day average of $57.33. Volume of trade was up over the average, with 17,957,015 shares of NKE changing hands over the typical 9,160,860
With a total market value of $0, Nike Inc. has price-earnings ratio of 25.62 with a one year low of $51.48 and a one year high of $68.19 .
A total of 28 analysts have released a report on Nike Inc.. Nine analysts rating the company a strong buy, fifteen analysts rating the company a buy, eight analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $70.52.
More About Nike Inc. (NYSE:NKE)
NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company's operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse. As of May 31, 2016, the Company focused its NIKE brand product offerings in nine categories: Running, NIKE Basketball, the Jordan Brand, Football (Soccer), Men's Training, Women's Training, Action Sports, Sportswear (its sports-inspired lifestyle products) and Golf. Men's Training includes its baseball and American football product offerings. It also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking and outdoor activities. The Company sells a range of performance equipment and accessories under the NIKE Brand name.
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