Previous close | 120.97 |
Open | 120.23 |
Bid | 120.73 x 900 |
Ask | 120.92 x 800 |
Day's range | 119.32 - 121.00 |
52-week range | 82.22 - 139.86 |
Volume | |
Avg. volume | 6,348,880 |
Market cap | 187.168B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | 34.20 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.36 (1.12%) |
Ex-dividend date | 03 Mar 2023 |
1y target est | N/A |
The stock market has been very volatile lately; stocks are soaring one day and plummeting the next. Sporting apparel company Nike (NYSE: NKE) has held its own; shares are down just 10% over the past year. Nike may be a proven winner, but that doesn't make it a buy today.
The average brokerage recommendation (ABR) for Nike (NKE) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Barclays upgraded Nike (NYSE:NKE) to Overweight from Equalweight and raised its price target to $154.00 from $110.00 on its belief in a high probability of margin upside. The company reported its Q3 earnings results on Tuesday, which, according to Barclays, demonstrated the company’s “broad-based brand strength in spite of a weakening consumer macro backdrop.” Q3 EPS came in at $0.79, better than the consensus estimate of $0.55.