Market Overview

Analysts Largely Bullish On Nike Ahead Of Q1 Earnings

Share:
Analysts Largely Bullish On Nike Ahead Of Q1 Earnings

Ahead of the earnings announcement from Nike Inc (NYSE: NKE) on Tuesday, most of the brokerages remain bullish regarding the company's results. Similarly, nearly every analyst who has issued a recent analysis has reiterated their rating on the company's stock.

During mid-day trading Monday, investor sentiment remained weak, dragging the stock down by about 1.72 percent. Street analysts expect Nike to earn an EPS of $0.56 on revenue of $8.8 billion. Significantly, there has been no change in analysts' EPS estimates in the last sixty days.

Buy Rating, Price Targets

The following brokerages have reiterated their Buy rating on the Nike over the last two-month period:

  • Barclays retained $75 as the price objective.
  • Brean Capital kept a price tag of $62.
  • Cowen & Co maintains $63 as the target price.
  • Credit Suisse has a target price of $63.
  • D.A. Davidson retained a price target of $66.
  • Deutsche Bank kept a price objective of $75.
  • Goldman Sachs Group has $66 as the price tag.
  • Jefferies reiterated its Buy rating.
  • JPMorgan has a price objective of $62.
  • Nomura Holdings retained a price tag of $64.
  • Robert W Baird kept $67 as the price target.
  • Stifel Nicolaus has a $68 price target.
  • UBS retained target price of $70.

Related Link: Nike In Trouble? Adidas Is Dominating Casual-Athletic Space

Hold, Price Targets

The following brokerages have reiterated their Hold rating in the last two-month period:

  • B. Riley, target price of $55. (The brokerage downgraded the stock from Buy to a Neutral rating a month ago.)
  • Canaccord, with a price target of $52.
  • Merrill Lynch kept a price tag of $55.
  • Morgan Stanley has a price objective of $60.
  • Piper Jaffray retained $58 as the target price.

The stock shed $0.82, or 1.49 percent, to $54.33 at time of writing.

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Latest Ratings for NKE

DateFirmActionFromTo
Sep 2020BairdMaintainsNeutral
Sep 2020BarclaysMaintainsOverweight
Sep 2020Morgan StanleyMaintainsOverweight

View More Analyst Ratings for NKE
View the Latest Analyst Ratings

 

Related Articles (NKE)

View Comments and Join the Discussion!

Posted-In: Analyst Color Long Ideas News Price Target Previews Reiteration Analyst Ratings Movers Best of Benzinga

Latest Ratings

StockFirmActionPT
WMTOppenheimerMaintains152.0
FBOppenheimerMaintains300.0
ASHEvercore ISI GroupInitiates Coverage On80.0
RPMEvercore ISI GroupInitiates Coverage On90.0
DOWEvercore ISI GroupInitiates Coverage On58.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com