Nike, Inc. Common Stock (NYSE:NKE).
On September 28 Credit Suisse kept the company rating at “Overweight” and raised the price target to $65.00 from $63.00. On September 8 the company was changed to a “Neutral” according to a PiperJaffray report which was a cut from the previous “” rating.
On August 26 the company was downgraded from “Buy” to “Neutral” by analysts at B. Riley. June 29 investment analysts at Canaccord Genuity made no change to the company rating of “Outperform” but raised the price target from $57.00 to $63.00.
June 29 investment analysts at Goldman Sachs held the stock rating at “Outperform” and moved down the price target from $76.00 to $63.00.
The company is trading up by 1.73 percent from yesterday’s close. Additionally the company announced a dividend payable on Monday October 3rd, 2016. The dividend payment will be $0.160 per share for the quarter which is $0.64 annualized. The dividend yield will be $1.16. The ex-dividend date has been established as Thursday the 1st of September 2016.
Shares of the company are trading at $55.34 marginally under $56.79, the 50 day moving average and barely below the 200 day moving average of $57.33. The 50 day moving average went down $-1.45 or -2.55% and the 200 day average was down $-1.99.
The company currently has a P/E ratio of 25.62 and the market value is 92.84B. In the latest earnings report the EPS was $2.16 and is projected to be $2.40 for the current year with 1,677,618,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.51 with next year’s EPS anticipated to be $2.75.