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Deutsche Bank covered NIKE (NYSE:NKE), reducing its target price to $61.00 today

Showing a price of $53.40, NIKE (NYSE:NKE) traded 0.70% higher on the day. With the last stock price close down -3.89% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. The company has recorded a 50-day moving average of $56.46 and a 200-day average of $55.56. Trade Volume was down over the average, with 7,823,691 shares of NKE changing hands under the typical 9,074,550

NIKE (NYSE:NKE) had its target bumped down to $61.00 by Deutsche Bank in an issued report issued 9/13/2017. The dropped price target implies a possible upside of 0.14% based on the company's most recent stock price close.

Previously on 9/12/2017, Bernstein reported on NIKE (NYSE:NKE) upped the target price from $0.00 to $69.00. At the time, this indicated a possible upside of 0.30%.

See Chart Below

NIKE (NYSE:NKE)

NIKE has a one year low of $49.01 and a one year high of $60.53 with a PE ratio of 21.27 NIKE’s market capitalization is currently $0.

In addition to Deutsche Bank reporting its target price, a total of 28 firms have reported on the stock. The consensus target price is $70.52 with 9 brokers rating the stock a strong buy, 15 brokers rating the stock a buy, eight analysts rating the company a hold, zero brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.

Brief Synopsis About NIKE (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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