Nike Inc (NYSE:NKE) shares traded -0.22% down during most recent session to reach at the closing price of $76.42. The stock exchanged hands 11.15 Million shares versus average trading capacity of 8.07 Million shares, yielding a market cap of $120.4 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $86.44 within the next 52-weeks. The mean target projections are based on 33 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Nike Inc (NYSE:NKE) high price target of $103 and with a conservative view have low price target of $55.
Needham “Upgrades” Nike Inc (NYSE:NKE) in a research note issued to investors on 1/10/19 to Buy with price target of $85.
Additionally on 1/09/19 HSBC “Upgrades” Nike Inc (NYSE:NKE) to Buy setting price target at $95 and on 1/09/19 Baird “Downgrades” the stock to Neutral at $0. Furthermore on 12/21/18 Wells Fargo “Maintained” the stock to Market Perform at $76.
On the other hand the company has Relative Strength Index (RSI 14) of 56.09 along with Average True Range (ATR 14) of 2.51, Consequently Nike Inc (NYSE:NKE)’s weekly and monthly volatility is 2.18%, 3.26% respectively. The company’s beta value is at 0.64.
In terms of Buy, Sell or Hold recommendations, Nike Inc (NYSE:NKE) has analysts’ mean recommendation of 2.1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Nike Inc (NYSE:NKE)’s minimum EPS for the current quarter is at $0.58 and can go high up to $0.75. The consensus mean EPS for the current quarter is at $0.64 derived from a total of 32 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.68 earnings per share for the same quarter during last year.
Previously Nike Inc (NYSE:NKE) reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.06. The company posted an earnings surprise of 13%.
Nike Inc (NYSE:NKE)’s revenue estimates for the current quarter are $9.57 Billion according to 29 number of analysts, for the current quarter the company has high revenue estimates of $9.9 Billion in contradiction of low revenue estimates of $9.37 Billion. For the current year the company’s revenue estimates are $39.22 Billion compared to low analyst estimates of $38.6 Billion and high estimates of $39.85 Billion according to 35 number of analysts.
Currently Nike Inc (NYSE:NKE)’s shares owned by insiders are 1.2%, whereas shares owned by institutional owners are 82.7%. However the six-month change in the insider ownership was recorded -2.19%, as well as three-month change in the institutional ownership was recorded -0.03%.
Nike Inc (NYSE:NKE)’s trailing twelve month revenues are $38.1 Billion, whereas its price to sales ratio for the same period is 3.16. Its book value per share for the most recent quarter is $5.64 while its price to book ratio for the same period is 13.55, as for as the company’s cash per share for the most recent quarter is $2.71, however its price to cash per share ratio for the same period is 28.2. The stock has 5 year expected PEG ratio of 2.1 whereas its trailing twelve month P/E ratio is 29.74.