Under Armour (UA) Rating Reiterated by Susquehanna Bancshares
Under Armour (NYSE:UA)‘s stock had its “sell” rating restated by research analysts at Susquehanna Bancshares in a report issued on Tuesday. They currently have a $11.00 price target on the stock. Susquehanna Bancshares’ price target would suggest a potential downside of 25.58% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the stock. Vetr raised shares of Under Armour from a “hold” rating to a “strong-buy” rating and set a $17.86 price target for the company in a research report on Monday. Deutsche Bank set a $12.00 price objective on shares of Under Armour and gave the stock a “sell” rating in a research note on Thursday, December 14th. Stifel Nicolaus upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Friday, December 15th. ValuEngine upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Finally, SunTrust Banks lowered shares of Under Armour from a “buy” rating to a “hold” rating and set a $14.00 price objective for the company. in a research note on Wednesday, November 1st. Nine investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $16.14.
Shares of Under Armour (NYSE UA) traded up $0.05 on Tuesday, hitting $14.78. 4,838,100 shares of the stock traded hands, compared to its average volume of 6,280,040. Under Armour has a 52-week low of $10.36 and a 52-week high of $27.64. The stock has a market cap of $6,480.00 and a PE ratio of 46.19.
Several hedge funds have recently added to or reduced their stakes in UA. LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Under Armour in the 3rd quarter valued at $103,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Under Armour in the 3rd quarter valued at $139,000. Abbot Financial Management Inc. purchased a new stake in shares of Under Armour in the 3rd quarter valued at $153,000. Ahrens Investment Partners LLC purchased a new stake in shares of Under Armour in the 3rd quarter valued at $158,000. Finally, Boston Private Wealth LLC purchased a new stake in shares of Under Armour in the 3rd quarter valued at $159,000. 31.84% of the stock is currently owned by institutional investors and hedge funds.
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Under Armour Company Profile
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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