Nike (NKE) Receives ‘Analyst’ Rating

Nike (NKE) : The consensus on Nike (NKE) based on 22 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Nike (NKE) : The highest short term price target forecast on Nike (NKE) is $75 and the lowest target price is $55. A total of 17 equity analysts are currently covering the company. The average price of all the analysts is $64.41 with a standard deviation of $5.34.


Also, Equity Analysts at the PiperJaffray downgrades the rating on Nike (NYSE:NKE). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Overweight. The rating by the firm was issued on September 8, 2016.

Nike (NYSE:NKE): After opening at $55, the stock dipped to an intraday low of $54.81 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $55.54 and the buying power remained strong till the end. The stock closed at $55.47 for the day, a gain of 0.62% for the day session. The total traded volume was 6,316,251. The stocks close on the previous trading day was $55.13.

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.

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