Analyst Ratings for Nike Inc. Cl B (NKE)

Updated: 2017-07-28

Shares of Nike Inc. Cl B (NYSE:NKE) have received a consensus rating of Overweight from Wall Street analysts. NKE had previously received a consensus rating of Overweight a month ago.

36 analysts issued ratings on the stock, where 17 gave NKE a buy rating, 4 gave an overweight rating, 14 gave a hold rating, 1 gave an underweight rating, and 0 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.

Many analysts weighed in on price targets for NKE. The highest price target was 75, implying a possible profit of 28.98 percent. The most pessimistic analyst gave a price target of 42, implying potential capital losses of -27.77 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -24.62 percent. That number becomes -27.4 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -1.43 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -4.93 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 14 analysts that decreased their estimates. Also over the last month, 6 analysts increased their estimates for the FY earnings, while 10 analysts decreased their estimates.

NKE has an estimated earnings growth rate of -4.77 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. NKE has a PEG ratio of -4.86.

NKE has traded between a high of 60.33 and a low of 49.01 over the past year. Currently the stock is 18.65 percent higher than its low, and below the high by 3.61 percent. NKE has a price/earnings ratio of 23.17. Investors typically compare the P/E ratio to a company's peers in the industry. The NKE value stock report compares NKE to some of its peers using value stock charts. The market cap of NKE is $95.88 billion. NKE will post this quarters earnings in days, on 0000-00-00.