In a report released today, Andrew Burns from D.A. Davidson maintained a Buy rating on Nike (NYSE: NKE). The company’s shares closed on Friday at $68.10, close to its 52-week high of $70.25.
According to TipRanks.com, Burns is a 1-star analyst with an average return of -2.2% and a 40.0% success rate. Burns covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and Fox Factory Holding.
Currently, the analyst consensus on Nike is Moderate Buy and the average price target is $70.22, representing a 3.1% upside.
In a report issued on April 27, HSBC also upgraded the stock to Buy with a $77 price target.
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Nike’s market cap is currently $110.3B and has a P/E ratio of 64.25. The company has a Price to Book ratio of 11.27.
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