Nike (NKE) : Zacks Investment Research ranks Nike (NKE) as 4, which is a Sell recommendation. 17 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 25 research analysts is 1.72, which indicates as a Buy.
Nike (NKE) : 19 Wall Street analysts covering Nike (NKE) believe that the average level the stock could reach for the short term is $65.47. The maximum price target given is $75 and the minimum target for short term is around $55, hence the standard deviation is calculated at $5.93.
For the current week, the company shares have a recommendation consensus of Buy. Also, Credit Suisse maintains its view on Nike (NYSE:NKE) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Credit Suisse lowers the price target from $68 per share to $63 per share on Nike . The rating by the firm was issued on June 29, 2016.
Nike (NYSE:NKE): The stock opened at $54.55 on Wednesday but the bulls could not build on the opening and the stock topped out at $55.19 for the day. The stock traded down to $54.28 during the day, due to lack of any buying support eventually closed down at $54.75 with a loss of -0.31% for the day. The stock had closed at $54.92 on the previous day. The total traded volume was 9,684,957 shares.
NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world. The Company focuses its NIKE Brand product offerings in eight key categories: Running, Basketball, Football (Soccer), Mens Training, Womens Training, Action Sports, Sportswear (the Companys sports-inspired lifestyle products) and Golf. The Company also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking and outdoor activities. The Companys portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.