Under Armour, Inc. (UA) Stock Price Down 5.9%
Under Armour, Inc. (NYSE:UA) shares traded down 5.9% during mid-day trading on Tuesday . The company traded as low as $11.31 and last traded at $11.36. 10,577,360 shares changed hands during trading, an increase of 132% from the average session volume of 4,561,302 shares. The stock had previously closed at $12.07.
A number of research analysts have recently issued reports on the company. Susquehanna Bancshares Inc reaffirmed a “hold” rating and set a $11.00 price target on shares of Under Armour in a report on Tuesday, November 7th. SunTrust Banks, Inc. downgraded Under Armour from a “buy” rating to a “hold” rating and set a $14.00 price target on the stock. in a report on Wednesday, November 1st. DA Davidson downgraded Under Armour to a “hold” rating and set a $15.00 price target on the stock. in a report on Tuesday, October 31st. Cowen and Company set a $12.00 price target on Under Armour and gave the company a “hold” rating in a report on Tuesday, October 31st. Finally, Wells Fargo & Company set a $11.00 price target on Under Armour and gave the company a “sell” rating in a report on Tuesday, October 31st. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Under Armour currently has a consensus rating of “Hold” and an average price target of $16.49.
The stock has a market capitalization of $5,600.00 and a PE ratio of 28.61.
About Under Armour
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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