Vetr Downgrades Under Armour (UA) to Sell
Vetr downgraded shares of Under Armour (NYSE:UA) from a strong-buy rating to a sell rating in a research note issued to investors on Tuesday morning. They currently have $13.50 target price on the stock.
A number of other equities research analysts have also recently weighed in on the stock. Pivotal Research set a $17.00 price target on shares of Under Armour and gave the company a hold rating in a research report on Sunday, October 29th. Stifel Nicolaus raised shares of Under Armour from a hold rating to a buy rating and set a $17.00 price target for the company in a research report on Friday, December 15th. SunTrust Banks cut shares of Under Armour from a buy rating to a hold rating and set a $14.00 price target for the company. in a research report on Wednesday, November 1st. Susquehanna Bancshares reissued a sell rating and issued a $15.00 price target on shares of Under Armour in a research report on Monday, October 23rd. Finally, Cowen set a $12.00 price target on shares of Under Armour and gave the company a hold rating in a research report on Tuesday, October 31st. Eight investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $16.00.
Shares of Under Armour (UA) traded down $0.15 during mid-day trading on Tuesday, hitting $13.80. 6,300,000 shares of the company were exchanged, compared to its average volume of 5,360,000. Under Armour has a 12-month low of $10.36 and a 12-month high of $27.64. The firm has a market capitalization of $6,430.00 and a P/E ratio of 43.13.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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