Analysts Largely Bullish On Nike Ahead Of Q1 Earnings

Courtesy of Benzinga.

Ahead of the earnings announcement from Nike Inc (NYSE: NKE) on Tuesday, most of the brokerages remain bullish regarding the company’s results. Similarly, nearly every analyst who has issued a recent analysis has reiterated their rating on the company’s stock.

During mid-day trading Monday, investor sentiment remained weak, dragging the stock down by about 1.72 percent. Street analysts expect Nike to earn an EPS of $0.56 on revenue of $8.8 billion. Significantly, there has been no change in analysts’ EPS estimates in the last sixty days.

Buy Rating, Price Targets

The following brokerages have reiterated their Buy rating on the Nike over the last two-month period:

• Barclays retained $75 as the price objective.
• Brean Capital kept a price tag of $62.
• Cowen & Co maintains $63 as the target price.
• Credit Suisse has a target price of $63.
• D.A. Davidson retained a price target of $66.
• Deutsche Bank kept a price objective of $75.
• Goldman Sachs Group has $66 as the price tag.
• Jefferies reiterated its Buy rating.
• JPMorgan has a price objective of $62.
• Nomura Holdings retained a price tag of $64.
• Robert W Baird kept $67 as the price target.
• Stifel Nicolaus has a $68 price target.
• UBS retained target price of $70.

Related Link: Nike In Trouble? Adidas Is Dominating Casual-Athletic Space

Hold, Price Targets

The following brokerages have reiterated their Hold rating in the last two-month period:

• B. Riley, target price of $55. (The brokerage downgraded the stock from Buy to a Neutral rating a month ago.)
• Canaccord, with a price target of $52.
• Merrill Lynch kept a price tag of $55.
• Morgan Stanley has a price objective of $60.
• Piper Jaffray retained $58 as the target price.

The stock shed $0.82, or 1.49 percent, to $54.33 at time of writing.

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you’d like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Posted-In: Analyst Color Long Ideas News Price Target Previews Reiteration Analyst Ratings Movers Best of Benzinga