Susquehanna analyst Sam Poser reiterated a Buy rating on Nike (NKE – Research Report) today and set a price target of $100. The company’s shares closed yesterday at $86.80, close to its 52-week high of $87.99.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 6.1% and a 53.3% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nike with a $87.79 average price target, which is a 1.1% upside from current levels. In a report issued on March 12, Cowen & Co. also maintained a Buy rating on the stock with a $92 price target.
Nike’s market cap is currently $136.9B and has a P/E ratio of 66.26. The company has a Price to Book ratio of 15.68.
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