Brean Capital downgraded Nike Inc (NYSE:NKE) to Hold in a report released today.
- Updated: October 2, 2016
Brean Capital has downgraded Nike Inc (NYSE:NKE) to Hold in a report released on 9/28/2016.
Previously on 09/26/2016, Vetr Inc. reported on Nike Inc (NYSE:NKE) increased the target price from $0.00 to $58.12. At the time, this indicated a possible upside of 0.05%.
Just yesterday Nike Inc (NYSE:NKE) traded 0.94% higher at $55.34. Nike Inc’s 50-day moving average is $56.51 and its 200-day moving average is $57.20. The last closing price is down -7.96% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 12,940,220 shares of NKE traded hands, up from an average trading volume of 9,038,980
Recent Performance Chart
Nike Inc has 52 week low of $51.48 and a 52 week high of $68.19 with a PE ratio of 23.76 and has a market capitalization of $0.
A total of 28 brokerages have issued a ratings update on Nike Inc. Nine brokerages rating the company a strong buy, fifteen firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $70.52.
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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