Nike Inc. (NYSE:NKE) has been given a $60.00 target price by research analysts at Credit Suisse Group AG in a report released on Friday. The brokerage presently has a a “buy” rating on the footwear maker’s stock. Credit Suisse Group AG’s price target would indicate a potential upside of 19.07% from the company’s previous close.
A number of other brokerages have also issued reports on NKE. Zacks Investment Research raised Nike from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th. B. Riley lowered Nike from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $58.66 to $62.00 in a research report on Friday, August 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 target price on shares of Nike in a research report on Friday, August 26th. Brean Capital reaffirmed a “buy” rating and set a $62.00 target price on shares of Nike in a research report on Sunday, August 21st. Finally, Vetr upgraded Nike from a “sell” rating to a “hold” rating and set a $56.94 price target for the company in a research note on Monday, August 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $63.45.
Analyst Recommendations for Nike (NYSE:NKE)
Nike (NYSE:NKE) traded up 0.75% on Friday, hitting $50.77. The stock had a trading volume of 6,263,070 shares. Nike has a one year low of $49.01 and a one year high of $68.19. The company’s 50-day moving average is $51.89 and its 200-day moving average is $55.28. The stock has a market cap of $84.55 billion, a P/E ratio of 22.91 and a beta of 0.48.