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Analysts Offer Insights on Consumer Cyclical Companies: Nike (NKE) and ANTA Sports Products (OtherANPDF)

Tipranks - Mon Mar 30, 1:52PM CDT

Analysts fell to the sidelines weighing in on Nike (NKE) and ANTA Sports Products (ANPDF) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Nike (NKE)

Stifel Nicolaus analyst Peter McGoldrick maintained a Hold rating on Nike today and set a price target of $65.00. The company’s shares closed last Friday at $51.37.

According to TipRanks.com, McGoldrick is a 1-star analyst with an average return of -6.3% and a 30.2% success rate. McGoldrick covers the NA sector, focusing on stocks such as Birkenstock Holding plc, Wolverine World Wide, and Columbia Sportswear. ;'>

Nike has an analyst consensus of Moderate Buy, with a price target consensus of $73.53, a 42.2% upside from current levels. In a report issued on March 23, Deutsche Bank also maintained a Hold rating on the stock with a $54.00 price target.

See today’s best-performing stocks on TipRanks >>

ANTA Sports Products (ANPDF)

Jefferies analyst John Chou, CFA maintained a Hold rating on ANTA Sports Products on March 27 and set a price target of HK$84.00. The company’s shares closed last Wednesday at $10.11.

CFA has an average return of 32.9% when recommending ANTA Sports Products. ;'>

According to TipRanks.com, CFA is ranked #4040 out of 12128 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ANTA Sports Products with a $13.41 average price target, which is a 32.6% upside from current levels. In a report issued on March 27, TipRanks – xAI also reiterated a Hold rating on the stock with a HK$83.00 price target.

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