Mizuho Initiates Coverage on Under Armour (NYSE:UA). What May be Next?


Why Has Mizuho Given Under Armour (NYSE:UA) a $95.0 Price Target

Mizuho has just issued a Buy rating for Under Armour (NYSE:UA) shares. The firm began coverage on shares of UA in a comprehensive report issued to clients and investors on Friday, 18 December. This price target implies upside of 16.89% from the current price of Under Armour (NYSE:UA).

From a total of 28 analysts covering Under Armour (NYSE:UA) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $130 while the lowest target price is $74. The mean of all analyst targets is $106.32 with a 34.90% above today’s ($81.26) stock price. Under Armour was the topic of 28 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Piper Jaffray maintained shares on November 30 with “Neutral” rating. Atlantic Securities initiated shares with “Overweight” rating and $120 target share price in a report from an August 12. FBR Capital maintained UA stock in a recent report from September 17 with “Outperform” rating. Vetr upgraded the rating on August 7. Vetr has a “Hold” rating and a $104.32 price target on shares. Finally, Telsey Advisory Group maintained the stock with “Outperform” rating in a report issued on a September 17.

The stock decreased 2.23% or $1.85 on December 18, striking $81.26. Approximately 1 shares of stock traded hands. Under Armour Inc (NYSE:UA) has risen 4.43% since May 15, 2015 and is uptrending. It has outperformed by 8.24% the S&P500.

Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The company has a market cap of $17.94 billion. The Company’s moisture-wicking fabrications are engineered in a range of creates and styles for wear in nearly every climate to provide an alternative to traditional products. It has 84.17 P/E ratio. The Company’s operating divisions include North America, consisting of the United States and Canada; Europe, the Middle East and Africa ; Asia-Pacific; Latin America, and MapMyFitness.

According to Zacks Investment Research, “Under Armour is a leading developer, marketer and distributor of branded performance products for men, women and youth. The brand’s moisture-wicking synthetic fabrications are engineered in many different designs and styles for wear in nearly every climate to provide a performance alternative to traditional natural fiber products. The Company is an official supplier to the National Hockey League, the U.S. Ski Team, USA Rugby, the National Lacrosse League, and Major League Lacrosse; and the Company’s products are worn by professional football, baseball, and soccer players, as well as athletes in major collegiate and Olympic sports. The Company’s products are currently sold in the United States, Canada, Japan and the United Kingdom.”