The stock of Under Armour Inc (NYSE:UA) hit a new 52-week low and has $28.60 target or 9.00% below today’s $31.43 share price. The 7 months bearish chart indicates high risk for the $12.35 billion company. The 1-year low was reported on Nov, 18 by Barchart.com. If the $28.60 price target is reached, the company will be worth $1.11 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.01M shares traded hands. Under Armour Inc (NYSE:UA) has declined 26.08% since April 18, 2016 and is downtrending. It has underperformed by 30.51% the S&P500.
Under Armour Inc (NYSE:UA) Ratings Coverage
Out of 27 analysts covering Under Armour (NYSE:UA), 11 rate it a “Buy”, 1 “Sell”, while 15 “Hold”. This means 41% are positive. $131 is the highest target while $32 is the lowest. The $75.73 average target is 140.95% above today’s ($31.43) stock price. Under Armour has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was downgraded by Atlantic Securities to “Neutral” on Wednesday, October 26. The firm has “Buy” rating given on Tuesday, August 11 by Canaccord Genuity. The rating was upgraded by Wells Fargo on Monday, October 10 to “Outperform”. The firm has “Overweight” rating by Atlantic Securities given on Monday, August 10. The company was upgraded on Friday, August 7 by Vetr. On Monday, November 30 the stock rating was maintained by Piper Jaffray with “Neutral”. The rating was maintained by Citigroup on Wednesday, June 1 with “Buy”. Piper Jaffray downgraded the stock to “Neutral” rating in Wednesday, October 14 report. As per Monday, January 11, the company rating was downgraded by Morgan Stanley. B. Riley & Co upgraded Under Armour Inc (NYSE:UA) on Friday, January 29 to “Buy” rating.
According to Zacks Investment Research, “Under Armour, Inc. is involved in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. It operates primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific and Latin America. The company’s Under Armour Connected Fitness(TM) platform provides digital health and fitness community through UA Record, MapMyFitness, Endomondo and MyFitnessPal applications. Under Armour, Inc. is headquartered in Baltimore, Maryland.”
More recent Under Armour Inc (NYSE:UA) news were published by: Bloomberg.com which released: “Under Armour Tumbles After Forecast Renews Fears of Slowdown” on October 25, 2016. Also Seekingalpha.com published the news titled: “This Is The Price To Enter Under Armour” on November 16, 2016. Fool.com‘s news article titled: “Under Armour Inc’s Bearish Run Could Be Your Chance to Buy In” with publication date: November 02, 2016 was also an interesting one.
UA Company Profile
Under Armour, Inc., incorporated on July 01, 1996, is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s moisture-wicking fabrications are engineered in a range of creates and styles for wear in nearly every climate to provide an alternative to traditional products. The Company’s divisions 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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