Under Armour (UA) Receives ‘Analyst’ Rating

Under Armour (UA) : Zacks Investment Research ranks Under Armour (UA) as 3, which is a Hold recommendation. 15 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 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 25 research analysts is 1.85, which indicates as a Buy.

Under Armour (UA) has been rated by 18 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $59 and the lowest price target forecast is $31. The average forecast of all the analysts is $49.44 and the expected standard deviation is $7.13.


Also, Equity Analysts at the Argus Research downgrades the rating on Under Armour (NYSE:UA). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 31, 2016.

Under Armour (NYSE:UA): After opening at $38.18, the stock dipped to an intraday low of $37.7193 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $38.635 and the buying power remained strong till the end. The stock closed at $38.56 for the day, a gain of 0.81% for the day session. The total traded volume was 3,700,486. The stocks close on the previous trading day was $38.25.

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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