Consumer Discretionary sector’s Nike’s (NYSE:NKE) Buy rating Reiterated by UBS Group AG

0
39
US Paper Currency, Stock Market and Exchange, Currency, Finance, Graph

Nike (NYSE:NKE)‘s stock had its Buy rating Reiterated by analysts at UBS Group AG in a research report issued to clients and investors. A price-to-earnings ratio of 59.99, market cap of 118.7B and a beta of 0.78.  Nike has a twelve month low $60.00 of  and a twelve month high of $105.62.

Shares of Nike traded up $2.00 on Monday, reaching $95.70. 4218914 shares of the stock traded hands, compared to its average volume of 7977454. Shares of Nike at mid-way of the day on Monday were at $95.70. The firm’s 50 day moving average is $$94.06 and its 200 day moving average is $92.93.Nike  has a 12 month low of $93.70 and a 12 month high of $105.62. While on yearly highs and lows, Nike’s today has traded high as $95.96 and has touched $93.70 on the downward trend. See More Analyst Rating at: RATING

Nike (NYSE:NKE) Moving Average Technical Analysis

5 day Moving Average is $98.28 And 5 day price change is -$5.19 (-5.22%)  with average volume for 5 day average is 10,516,224. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $99.53 and 20 day price change is -$5.22 (-5.24%) and average 20 day moving volume is 8,062,366. 50 day moving average is $94.06  and 50 day price change is $4.41 ( 4.90%)  and with average volume for 50 days is : 7,244,915. 200 day moving average is $92.93  and 200 day price change is $6.65 (7.59%)  and with average volume for 200 days is : 7,821,083.

See More Analyst Rating at: RATING

Nike Earnings and What to expect: 

Nike last released its quarterly earnings data on June 25th, 2020. The footwear maker reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.53. The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $7.26 billion. Its revenue for the quarter was down 38.0% compared to the same quarter last year. Nike has generated $1.85 earnings per share over the last year and currently has a price-to-earnings ratio of 59.9. Nike has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, September 22nd, 2020 based off prior year’s report dates.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 3.80%
  • On 6/1/2020 Chairman Mark G Parker Sell 165,000 at average share price of $99.14 which equates to $16,358,100.00 in money value.
  • On 5/27/2020 COO Andrew Campion Sell 60,000 at average price of  $98.00 with total value of : Not Data Available
  • On 4/17/2020 CAO Hilary K. Krane Sell 11,000 at average price of  $90.00 with total value of : $990,000.00

What other brokers have to say about Nike :

  • 6/25/2020 – Nike was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 6/26/2020 – Nike is now covered by analysts at Oppenheimer Holdings Inc.. They set a “buy” rating and a $115.00 price target on the stock.
  • 6/26/2020 – Nike had its “buy” rating re-affirmed by analysts at Stifel Nicolaus. They now have a $110.00 price target on the stock.
  • 6/26/2020 – Nike had its “buy” rating re-affirmed by analysts at BMO Capital Markets. They now have a $100.00 price target on the stock.

Other firm’s rating by UBS Group AG:

  • 6/29/2020 – BankUnited was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $22.00 price target on the stock, up previously from $16.00.
  • 6/29/2020 – First Hawaiian was downgraded by analysts at UBS Group AG from a “neutral” rating to a “sell” rating. They now have a $13.00 price target on the stock, down previously from $15.00.
  • 6/29/2020 – AUTO TRADER GRP/ADR was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating.
  • 6/29/2020 – Danone was downgraded by analysts at UBS Group AG from a “buy” rating to a “sell” rating.

See More Analyst Rating at: RATING