Under Armour (NYSE:UA) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “strong sell” rating in a note issued to investors on Monday. They currently have a $10.18 price target on the stock. Vetr‘s target price suggests a potential downside of 16.42% from the stock’s current price.
A number of other equities analysts have also recently commented on UA. Forward View set a $17.00 target price on Under Armour and gave the stock a “hold” rating in a report on Sunday, August 13th. ValuEngine upgraded Under Armour from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Piper Jaffray Companies set a $11.00 target price on Under Armour and gave the stock a “hold” rating in a report on Tuesday, October 31st. Wells Fargo & Company cut Under Armour from a “market perform” rating to a “sell” rating and dropped their price objective for the company from $17.00 to $13.00 in a report on Tuesday, September 19th. Finally, Canaccord Genuity set a $15.00 price objective on Under Armour and gave the company a “hold” rating in a report on Thursday, October 12th. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. Under Armour currently has an average rating of “Hold” and a consensus target price of $15.71.
Shares of Under Armour (NYSE:UA) traded down $0.01 during trading on Monday, hitting $12.18. The stock had a trading volume of 3,250,106 shares, compared to its average volume of 4,508,349. The stock has a market cap of $5,690.00 and a PE ratio of 29.73. Under Armour has a 12-month low of $10.36 and a 12-month high of $29.06.
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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