Brokerage Firm Rating Update on Under Armour (UA)

Under Armour (UA) has an average broker rating of 1.85, which is interpreted as a Buy, as rated by 25 equity analysts. Nonetheless, 15 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Under Armour (UA) stock is expected to deviate a maximum of $7.13 from the average target price of $49.44 for the short term period. 18 Street Experts have initiated coverage on the stock with the most promising target being $59 and the most muted being $31.


For this week, the average consensus of the company shares are rated as a Strong Buy. Also, Argus Research downgrades its view on Under Armour (NYSE:UA) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on August 31, 2016.

Under Armour (NYSE:UA): The stock opened at $39.23 and touched an intraday high of $40 on Wednesday. During the day, the stock corrected to an intraday low of $38.87, however, the bulls stepped in and pushed the price higher to close in the green at $39.92 with a gain of 2.54% for the day. The total traded volume for the day was 6,253,815. The stock had closed at $38.93 in the previous trading session.

Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Companys moisture-wicking fabrications are engineered in a range of designs and styles for wear in nearly every climate to provide an alternative to traditional products. The Companys operating segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and MapMyFitness. The Company also offers digital fitness platform licenses and subscriptions, along with digital advertising through its MapMyFitness business. Its apparel offers three gearlines, including HEATGEAR, COLDGEAR and ALLSEASONGEAR. Its footwear offerings include football, baseball, lacrosse, softball and soccer cleats, slides and performance training, running, basketball and outdoor footwear. Its accessories primarily include the sale of headwear, bags and gloves.

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