How Will Under Armour (UAA) Stock React To New Rating Coverage byUBS?

June 22, 2018 - By Ash

Why Has UBS Given Under Armour (UAA) a $24 Price Target

UBS analyst has initiated coverage with a “Neutral” rating on Under Armour (UAA) today and set a price target of $24. The company’s shares opened today at 22.76.

Under Armour, Inc. (NYSE:UAA) Ratings Coverage

Among 9 analysts covering Under Armour (UAA), 2 have Buy rating, 2 Sell and 5 Hold. Therefore 22% are positive. Under Armour has $30 highest and $16 lowest target. $20.50’s average target is -9.93% below currents $22.76 stock price. Under Armour had 11 analyst reports since January 5, 2018 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, May 2. The stock of Under Armour, Inc. (NYSE:UAA) has “Neutral” rating given on Wednesday, May 2 by Buckingham Research. On Monday, April 23 the stock rating was upgraded by Deutsche Bank to “Hold”. The rating was maintained by KeyBanc Capital Markets on Thursday, June 7 with “Overweight”. The stock of Under Armour, Inc. (NYSE:UAA) earned “Buy” rating by Stifel Nicolaus on Monday, June 4. The stock of Under Armour, Inc. (NYSE:UAA) has “Neutral” rating given on Wednesday, May 2 by Citigroup. On Tuesday, January 9 the stock rating was downgraded by Susquehanna to “Negative”. Macquarie Research downgraded Under Armour, Inc. (NYSE:UAA) on Tuesday, January 16 to “Underperform” rating.

The stock decreased 1.51% or $0.35 during the last trading session, reaching $22.76. About 2.58 million shares traded. Under Armour, Inc. (UAA) has risen 6.98% since June 22, 2017 and is uptrending. It has underperformed by 5.59% the S&P500.

Analysts await Under Armour, Inc. (NYSE:UAA) to report earnings on August, 7. They expect $-0.08 earnings per share, down 166.67 % or $0.05 from last year’s $-0.03 per share.

Under Armour, Inc., together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company has market cap of $9.68 billion. The firm offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes. It currently has negative earnings. It also provides various footwear products, including running, basketball, cleated, slides and performance training, and outdoor footwear.

More notable recent Under Armour, Inc. (NYSE:UAA) news were published by: Fool.com which released: “Why Under Armour Stock Gained 18% in May” on June 11, 2018, also Seekingalpha.com with their article: “Under Armour Is A Winner – Cramer’s Lightning Round (6/20/18)” published on June 21, 2018, Seekingalpha.com published: “Under Armour: Rock Solid” on June 06, 2018. More interesting news about Under Armour, Inc. (NYSE:UAA) were released by: Bizjournals.com and their article: “How Under Armour is supporting Pride Month” published on June 15, 2018 as well as Investorplace.com‘s news article titled: “For Under Armour Inc Bears, It’s Game Over” with publication date: May 29, 2018.

Under Armour, Inc. (NYSE:UAA) Institutional Positions Chart

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