Credit Suisse analyst Michael Binetti maintained a Hold rating on Under Armour (UA) today and set a price target of $17.00. The company’s shares closed last Monday at $15.72, close to its 52-week low of $15.02.
According to TipRanks.com, Binetti is a 4-star analyst with an average return of 8.5% and a 58.3% success rate. Binetti covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, TJX Companies, and Tiffany & Co.
Currently, the analyst consensus on Under Armour is a Hold with an average price target of $18.33, representing a 20.1% upside. In a report released yesterday, Piper Sandler also downgraded the stock to Hold with a $19.00 price target.
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Under Armour’s market cap is currently $6.83B and has a P/E ratio of 61.59. The company has a Price to Book ratio of 3.17.
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Under Armour, Inc. engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The North America segment comprises of U.S. and Canada.
