Somewhat Favorable News Coverage Somewhat Unlikely to Impact Under Armour (UAA) Share Price
Media stories about Under Armour (NYSE:UAA) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Under Armour earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the company an impact score of 48.2253904062364 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Under Armour Inc (UAA) Issues Earnings Results (americanbankingnews.com)
- Under Armour, Inc. (UAA) Downgraded to “Underperform” at Bank of America Corporation (americanbankingnews.com)
- Under Armour shares slip after late Steph Curry release (finance.yahoo.com)
- The Nike-Under Armour Pair Trade Remains Intact, For Now (benzinga.com)
- Under Armour, Inc. (UAA) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
Several research firms recently issued reports on UAA. Vetr lowered Under Armour from a “strong-buy” rating to a “hold” rating and set a $21.02 price target on the stock. in a research report on Monday, July 17th. Telsey Advisory Group dropped their price target on Under Armour from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 2nd. FBR & Co reissued an “underperform” rating and set a $14.00 price target on shares of Under Armour in a research report on Wednesday, August 2nd. Bank of America Corporation lowered Under Armour from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $21.00 to $12.00 in a research report on Monday. Finally, Canaccord Genuity dropped their price target on Under Armour from $21.00 to $18.00 and set a “hold” rating on the stock in a research report on Wednesday, August 2nd. Fifteen investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.38.
Shares of Under Armour (UAA) opened at 16.41 on Tuesday. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 33.22 and a beta of -0.02. The firm’s 50-day moving average price is $16.72 and its 200-day moving average price is $18.91. Under Armour has a 12 month low of $15.52 and a 12 month high of $33.45.
Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Under Armour had a negative return on equity of 2.44% and a negative net margin of 1.13%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. The firm’s revenue was down 4.5% on a year-over-year basis. On average, equities analysts anticipate that Under Armour will post $0.37 earnings per share for the current year.
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Under Armour Company Profile
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments 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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