Stock To Watch: Nike, Inc. (NYSE:NKE)


The leading market experts have placed a mean price target of $70.52 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 $0.70 a share for the upcoming quarter and $2.15 for the current fiscal. Technical View The technical analysis of Nike, Inc. Common Stock plainly substantiates that the 50-day moving average of Nike, Inc. Common Stock is $55.36, and stock is hovering -3.01 or -5.44% distant from $55.36. It is noted that the 200-day MA is $59.30, and Nike, Inc. Common Stock stock is $-6.95 or -11.72% off from this point. Nike, Inc. (NYSE:NKE) 52-week high is $68.19 and the 52-week low is $47.25. This explains if the stock moves $-15.85, it will post a 52-week high. In event of $+10.79% points 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 24.24. The stock last ended the trading session at $52.35 and registered a market cap of $88.20B. 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 1.67.

1 Chart Pattern Every Investor Should Know

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