|Bid||120.73 x 900|
|Ask||120.92 x 800|
|Day's Range||119.32 - 121.00|
|52 Week Range||82.22 - 139.86|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||34.20|
|Earnings Date||Mar 21, 2023|
|Forward Dividend & Yield||1.36 (1.12%)|
|Ex-Dividend Date||Mar 03, 2023|
|1y Target Est||136.07|
The stock market has been very volatile lately; stocks are soaring one day and plummeting the next. Sporting apparel company Nike (NYSE: NKE) has held its own; shares are down just 10% over the past year. Nike may be a proven winner, but that doesn't make it a buy today.
The average brokerage recommendation (ABR) for Nike (NKE) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Barclays upgraded Nike (NYSE:NKE) to Overweight from Equalweight and raised its price target to $154.00 from $110.00 on its belief in a high probability of margin upside. The company reported its Q3 earnings results on Tuesday, which, according to Barclays, demonstrated the company’s “broad-based brand strength in spite of a weakening consumer macro backdrop.” Q3 EPS came in at $0.79, better than the consensus estimate of $0.55.