Brean Murray downgraded Nike Inc. (NYSE:NKE) from Buy to Hold in a statement released earlier today.
- Updated: September 27, 2016
Brean Murray has downgraded Nike Inc. (NYSE:NKE) from Buy to Hold in a report released on 9/28/2016.
On Monday September 26, 2016, Vetr Inc. released a statement for Nike Inc. (NYSE:NKE) bumped up the target price from $0.00 to $58.12 that suggested an upside of 0.05%.
Boasting a price of $55.34, Nike Inc. (NYSE:NKE) traded 1.73% higher on the day. With the last stock price close down -3.47% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. 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 firms have reported on the stock. Nine equity analysts rating the company a strong buy, fifteen analysts rating the company a buy, 8 brokerages rating the company a hold, 0 firms rating the company a underperform, and finally zero equity analysts rating the company a sell with a 12-month price target of $70.52.
General Information 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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