The leading market experts have placed a mean price target of $65.79 on Nike, Inc. (NYSE:NKE) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.52 a share for the upcoming quarter and $2.40 for the current fiscal.
The technical analysis of Nike, Inc. Common Stock plainly substantiates that the 50-day moving average of Nike, Inc. Common Stock is $55.84, and stock is trading $-0.22 points away or -0.40% from its 50-day moving average of $55.84. Further it is trading $-2.46 or -4.24% away its 200-day moving average of $58.08. Nike, Inc. (NYSE:NKE) 52-week high is $68.19 and the 52-week low is $47.25.
This explains if the stock moves $-12.58, it will post a 52-week high. In event of +17.71% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Nike, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Nike, Inc. (NYSE:NKE) ratio came in at 25.75.
The stock last ended the trading session at $55.62 and registered a market cap of $93.31B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Nike, Inc. (NYSE:NKE) PEG ratio is at 1.65.
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