Nike (NKE) : Analyst Rating Update

Nike (NKE) : Zacks Investment Research ranks Nike (NKE) as 4, which is a Sell recommendation. 18 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 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 26 research analysts is 1.69, which indicates as a Buy.

Nike (NKE) : The highest short term price target forecast on Nike (NKE) is $82 and the lowest target price is $47. A total of 21 equity analysts are currently covering the company. The average price of all the analysts is $68.21 with a standard deviation of $7.64.

Nike (NYSE:NKE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.88 and $54.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.80, notching a gain of 1.09% for the day. The total traded volume was 7,863,399 . The stock had closed at $55.20 on the previous day.

Also, In a research note released to the investors, Credit Suisse maintains its rating on Nike (NYSE:NKE).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Credit Suisse lowers the new price target from $68 per share to $63 per share. The rating by the firm was issued on June 29, 2016. The company shares have rallied 1.03% from its 1 Year high price. On Dec 23, 2015, the shares registered one year high at $68.19 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $54.84 and the 200 Day Moving Average price is recorded at $58.91.

NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world. The Company focuses its NIKE Brand product offerings in eight key categories: Running, Basketball, Football (Soccer), Mens Training, Womens Training, Action Sports, Sportswear (the Companys sports-inspired lifestyle products) and Golf. The Company also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking and outdoor activities. The Companys portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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