Under Armour (UAA) Stock Rating Lowered by UBS Group
Under Armour (NYSE:UAA) was downgraded by research analysts at UBS Group to a “neutral” rating in a research note issued on Tuesday, The Fly reports.
Other research analysts have also issued research reports about the stock. Piper Jaffray Companies dropped their price objective on shares of Under Armour from $17.00 to $14.00 and set an “average” rating on the stock in a research note on Wednesday, October 11th. Jefferies Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Under Armour in a research note on Friday, October 13th. Stifel Nicolaus upgraded shares of Under Armour from a “hold” rating to a “buy” rating and upped their price objective for the company from $12.00 to $17.00 in a research note on Friday, December 15th. Vetr upgraded shares of Under Armour from a “sell” rating to a “hold” rating and set a $16.00 price objective on the stock in a research note on Friday, September 22nd. Finally, Canaccord Genuity reissued a “hold” rating and issued a $15.00 target price (down from $18.00) on shares of Under Armour in a research report on Thursday, October 12th. Seventeen research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Under Armour presently has a consensus rating of “Hold” and a consensus target price of $17.27.
Under Armour (NYSE:UAA) opened at $15.98 on Tuesday. The firm has a market cap of $6,780.00, a P/E ratio of 49.94, a price-to-earnings-growth ratio of 4.15 and a beta of 0.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16. Under Armour has a 12 month low of $11.40 and a 12 month high of $31.06.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Tennessee Treasury Department bought a new stake in shares of Under Armour during the 2nd quarter worth $4,363,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Under Armour during the 2nd quarter worth $15,325,000. Janus Henderson Group PLC bought a new stake in shares of Under Armour during the 2nd quarter worth $1,007,000. Mackenzie Financial Corp boosted its holdings in shares of Under Armour by 23.6% during the 3rd quarter. Mackenzie Financial Corp now owns 171,033 shares of the company’s stock worth $2,819,000 after buying an additional 32,646 shares during the period. Finally, Strs Ohio boosted its holdings in shares of Under Armour by 41,635.1% during the 3rd quarter. Strs Ohio now owns 1,102,642 shares of the company’s stock worth $18,171,000 after buying an additional 1,100,000 shares during the period. 30.98% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: “Under Armour (UAA) Stock Rating Lowered by UBS Group” was published by Watch List News and is the property of of Watch List News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/under-armour-uaa-stock-rating-lowered-by-ubs-group/1799720.html.
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.
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.