Brokerage Firm Rating Update on Nike (NKE)

Nike (NKE) : 13 brokerage houses believe that Nike (NKE) is a Strong Buy at current levels. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Nike (NKE). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 22 Wall Street Analysts endorse the stock as a Buy with a rating of 1.91.

Nike (NKE) : Currently there are 17 street experts covering Nike (NKE) stock. The most bullish and bearish price target for the stock is $75 and $55 respectively for the short term. The average price target of all the analysts comes to $64.71. The estimated standard deviation from the target is $5.79.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, B. Riley, downgrades their rating on the shares of Nike (NYSE:NKE). B. Riley has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 26, 2016.

Nike (NYSE:NKE): The stock opened at $57.48 and touched an intraday high of $57.78 on Wednesday. During the day, the stock corrected to an intraday low of $57.01, however, the bulls stepped in and pushed the price higher to close in the green at $57.72 with a gain of 0.54% for the day. The total traded volume for the day was 7,536,144. The stock had closed at $57.41 in the previous trading session.

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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