Nike, Inc. Common Stock (NYSE:NKE).
On September 28 Credit Suisse left the company rating at “Overweight” but raised the price target to $65.00 from $63.00. September 28 investment analysts at Baird left the stock rating at “Hold” but moved down the price target from $63.00 to $52.00.
On September 28 Canaccord Genuity made no change to the stock rating of “Neutral” but lowered the price expectation from $63.00 to $55.00. September 28 investment analysts at FBR Capital maintained a stock rating of “Neutral” and lowered the price target to $55.00 from $126.00.
On September 28 the stock rating was downgraded from “Outperform” to “Hold” in an announcement from Brean Capital.
The company is up by 1.73% since yesterday’s close of $54.4. Additionally the company recently announced a dividend for shareholders to be paid on Monday the 3rd of October 2016. The dividend payment 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 will be Thursday the 1st of September 2016.
Shares of the company are trading at $55.34 just a bit lower than the 50 day moving average of $56.79 and a tad under the 200 day moving average of $57.33. The 50 day moving average went down by -2.55% and the 200 day average was down $-1.99.
The company’s P/E ratio is 25.62 and market cap is 92.84B. In the latest earnings report the EPS was $2.16 and is expected 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 projected to be $2.75.