Under Armour (UA) Receives Price Target

Under Armour (UA) : Average target price received by Under Armour (UA) is $49.44 with an expected standard deviation of $7.13. The most aggressive target on the stock is $59, whereas the most downbeat target is $31. 18 financial analysts are currently covering the stock.

Under Armour (UA) : The consensus on Under Armour (UA) based on 25 analyst recommendation on the company stock is 1.85, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 15 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.


Also, Susquehanna initiates coverage on Under Armour (NYSE:UA). Susquehanna has a Positive rating on the shares. As per the latest report, the brokerage house announces the price target to $50 per share. The rating by the firm was issued on August 12, 2016.

Under Armour (NYSE:UA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.87 and $39.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.75, notching a gain of 0.30% for the day. The total traded volume was 3,211,145 . The stock had closed at $39.63 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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