Analyst Rating Update on Under Armour (UA)

Under Armour (UA) has an average broker rating of 1.8, which is interpreted as a Buy, as rated by 24 equity analysts. Nonetheless, 15 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Under Armour (UA) : The most positive equity analysts on Under Armour (UA) expects the shares to touch $60, whereas, the least positive believes that the stock will trade at $31 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $49.61 with an expected fluctuation of $7.55 from the mean.

For this week, the average consensus of the company shares are rated as a Strong Buy. Also, Equity analysts at the Brokerage firm Buckingham Research upgrades its rating on Under Armour (NYSE:UA). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Buckingham Research raises the price target from $44 per share to $48 per share. The rating by the firm was issued on June 20, 2016.


Under Armour (NYSE:UA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.38 and $37.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.91, notching a gain of 2.48% for the day. The total traded volume was 3,994,011 . The stock had closed at $37.97 on the previous day.

Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Companys moisture-wicking fabrications are engineered in a range of designs and styles for wear in nearly every climate to provide an alternative to traditional products. The Companys operating segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and MapMyFitness. The Company also offers digital fitness platform licenses and subscriptions, along with digital advertising through its MapMyFitness business. Its apparel offers three gearlines, including HEATGEAR, COLDGEAR and ALLSEASONGEAR. Its footwear offerings include football, baseball, lacrosse, softball and soccer cleats, slides and performance training, running, basketball and outdoor footwear. Its accessories primarily include the sale of headwear, bags and gloves.

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