Under Armour (UAA) Receives a Buy from Stifel Nicolaus
In a report released yesterday, Peter McGoldrick from Stifel Nicolaus maintained a Buy rating on Under Armour, with a price target of $9.00. The company’s shares closed yesterday at $4.42.
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According to TipRanks, McGoldrick is an analyst with an average return of -2.3% and a 47.62% success rate. McGoldrick covers the Consumer Cyclical sector, focusing on stocks such as Columbia Sportswear, Nike, and VF.
Currently, the analyst consensus on Under Armour is a Hold with an average price target of $5.61.
Based on Under Armour’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.13 billion and a GAAP net loss of $2.61 million. In comparison, last year the company earned a revenue of $1.18 billion and had a GAAP net loss of $305.43 million
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