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Morningstar Maintains Their Hold Rating on Nike (NKE)


Morningstar analyst R. Hottovy maintained a Hold rating on Nike (NYSE: NKE) yesterday and set a price target of $75. The company’s shares closed yesterday at $80.12, close to its 52-week high of $86.04.

According to TipRanks.com, Hottovy is ranked #2952 out of 4886 analysts.

Nike has an analyst consensus of Moderate Buy, with a price target consensus of $89.17, representing an 11.3% upside. In a report issued on September 21, Pivotal Research also reiterated a Hold rating on the stock with a $85 price target.

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Nike’s market cap is currently $128.3B and has a P/E ratio of 64.10. The company has a Price to Book ratio of 13.07.

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