Nike, Inc. Common Stock (NYSE:NKE).
September 28 investment analysts at Barclays left the stock rating at “Overweight” and lowered the price target from $75.00 to $65.00. On September 28 Credit Suisse held the stock rating at “Overweight” but raised the price target to $65.00 from $63.00.
On September 28 FBR Capital kept the stock rating at “Neutral” but lowered the price expectation from $126.00 to $55.00. On September 28 the stock rating was downgraded to “Hold” from “Outperform” in a report from Brean Capital.
On September 28 Nomura kept the company rating at “Neutral” and moved down the price target from $85.00 to $55.00.
In the market the company is trading up by 1.73 percent from yesterday’s close. Additionally Nike, Inc. Common Stock recently announced a dividend for shareholders that will be paid on Mon Oct 3, 2016. The dividend will be $0.160 per share for the quarter which is $0.64 annualized. This dividend represents a yield of $1.16. The ex-dividend date is set for Thursday the 1st of September 2016.
Shares are trading at $55.34 barely below $56.79, the 50 day moving average and marginally under the 200 day moving average of $57.33. The 50 day moving average was down $-1.45 and the 200 day average moved down $-1.99.
The company’s P/E ratio is 25.62 and the market value is 92.84B. As of 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 outstanding. Next quarter’s EPS is expected be $0.51 with next year’s EPS anticipated to be $2.75.