It's been a rough year for Nike Inc NKE as the stock has lost around 20 percent and a poor performance in its second-quarter fiscal results could result in the stock trading below its 52-week lows of $49.01.
Market News and Data brought to you by Benzinga APIsNike will report its fiscal second-quarter results after Tuesday's market close. The last time the company reported its quarterly results, the stock fell 4 percent as future orders fell short of expectations.
Wall Street analysts were mixed following the earnings report, with some analysts expecting upside in the stock as high as $65 per share.
Voices From The Street On The Swoosh
Here is a summary of the ratings and price target of research firms heading into the earnings report:
- Bank of America: Underperform rating.
- Barclays: Overweight rating, $65 price target.
- Citigroup: Buy rating, $64 price target.
- Cowen: Market Perform rating.
- Credit Suisse: Outperform rating, $60 price target.
- Guggenheim: Buy rating.
- HSBC: Buy rating, $60 price target.
- Susquehanna: Perform rating.
- Wedbush: Neutral rating, $53 price target.
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Posted In: Analyst ColorEarningsLong IdeasNewsGuidanceShort IdeasPrice TargetPreviewsReiterationAnalyst RatingsMoversTrading IdeasBank of AmericaBarclaysCitigroupCowenCredit SuisseGuggenheimHSBCSusquehannaWedbush
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