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Nike Inc (NYSE:NKE) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.

Having a price of $55.47, Nike Inc (NYSE:NKE) traded 0.30% lower on the day. The last stock price close is down 4.13% from the two hundred day moving average, compared with the S&P 500 which has decreased -0.01% over the date range. NKE has recorded a 50-day moving average of $56.84 and two hundred day average of $57.69. 4,110,872 shares of the stock were exchanged, down from ann avg. trading volume of 9,399,200

Zacks Investment Research has upgraded Nike Inc(NYSE:NKE) to Hold in a report released 9/16/2016.

Performance Graph:

Nike Inc (NYSE:NKE)

In addition to Zacks Investment Research reporting it’s price target, a total of 28 brokerages have issued a ratings update on the stock. The 12-month target price is $70.52 with nine analysts rating the company a strong buy, 15 analysts rating the company a buy, eight analysts rating the stock a hold, 0 rating the company to underperform, and lastly 0 firms rating the stock as sell.

Nike Inc has a one-year low of $51.48 and a one-year high of $68.19 with a price-earnings ratio of 26. The company’s market capitalization is presently $0.0.

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, and walking and outdoor activities. The Company sells a range of performance equipment and accessories under the NIKE Brand name.

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