Under Armour Inc (NYSE:UA) has been assigned a consensus recommendation of “Hold” from the twenty-six research firms that are covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $15.99.

A number of equities analysts recently commented on the stock. DA Davidson downgraded shares of Under Armour to a “hold” rating and set a $15.00 price objective for the company. in a research note on Tuesday, October 31st. SunTrust Banks downgraded Under Armour from a “buy” rating to a “hold” rating and set a $14.00 price target on the stock. in a research report on Wednesday, November 1st. FBR & Co reaffirmed a “sell” rating and set a $10.00 price target on shares of Under Armour in a research report on Tuesday, October 31st. Oppenheimer reaffirmed a “hold” rating on shares of Under Armour in a research report on Tuesday, October 31st. Finally, Wells Fargo & Co set a $11.00 price target on Under Armour and gave the stock a “sell” rating in a research report on Tuesday, October 31st.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Under Armour in the 3rd quarter valued at $103,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Under Armour in the 4th quarter valued at $127,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Under Armour in the 3rd quarter valued at $139,000. Abbot Financial Management Inc. acquired a new position in shares of Under Armour in the 3rd quarter valued at $153,000. Finally, CIBC World Markets Inc. acquired a new position in shares of Under Armour in the 4th quarter valued at $157,000. 31.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Under Armour (NYSE:UA) traded down $0.28 during trading hours on Tuesday, reaching $12.41. 2,610,000 shares of the company were exchanged, compared to its average volume of 5,430,000. The company has a market capitalization of $5,750.00 and a P/E ratio of 38.78. Under Armour has a 52 week low of $10.36 and a 52 week high of $21.81.

WARNING: This story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://www.watchlistnews.com/under-armour-inc-ua-receives-15-99-average-target-price-from-analysts/1844556.html.

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.

Analyst Recommendations for Under Armour (NYSE:UA)

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.