Barclays Capital Reiterates Overweight on NIKE (NKE)

By admin | 6 years ago

NIKE (NYSE: NKE)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays Capital (NYSE: BCS) in a report released on Friday.

Shares of NIKE traded down 1.37% during mid-day trading on Friday, hitting $103.17. NIKE has a one year low of $76.98 and a one year high of $114.81. The company has a market cap of $47.290 billion and a P/E ratio of 21.82.

NIKE last issued its quarterly earnings data on Thursday, March 22nd. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.03. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts predict that NIKE will post $1.41 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of NIKE in a research note to investors on Wednesday, May 23rd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of NIKE in a research note to investors on Friday, April 27th. They now have a $116.00 price target on the stock. Finally, analysts at Benchmark Co. initiated coverage on shares of NIKE in a research note to investors on Friday, April 20th. They set a “buy” rating and a $128.00 price target on the stock.

NIKE, Inc. (NIKE), is engaged in design, development and marketing of footwear, apparel, equipment and accessory products.

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