Nike (NKE) Receives Price Target

Nike (NKE) : 17 investment research analysts covering Nike (NKE) have an average price target of $64.71 for the near short term. The highest target price given by the Brokerage Firm to the stock is $75 and the lowest target is $55 for the short term. Analysts expect the variance to be within $5.79 of the average price.

Nike (NKE) has an average broker rating of 1.91, which is interpreted as a Buy, as rated by 22 equity analysts. Nonetheless, 13 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.


Also, Equity analysts at the Brokerage firm B. Riley downgrades its rating on Nike (NYSE:NKE). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 26, 2016.

Nike (NYSE:NKE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.67 and $57.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.54, notching a gain of 1.84% for the day. The total traded volume was 8,224,952 . The stock had closed at $57.48 on the previous day.

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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