Wells Fargo Gives Under Armour (UAA) a Lower Rating. Drops its Market Perform Rating

September 19, 2017 - By Nellie Frank

 Wells Fargo Gives Under Armour (UAA) a Lower Rating. Drops its Market Perform Rating

Under Armour (UAA) Receives a Downgrade

The old rating for Under Armour (UAA) shares of a Market Perform has been discontinued, as expert analysts at Wells Fargo decreased the current rating for Under Armour (UAA) shares to a Underperform.

Under Armour Inc (NYSE:UAA) Ratings Coverage

Among 20 analysts covering Under Armour (UAA), 2 have Buy rating, 8 Sell and 10 Hold. Therefore 10% are positive. Under Armour has $24.0 highest and $13 lowest target. $17’s average target is 0.59% above currents $16.9 stock price. Under Armour had 24 analyst reports since January 19, 2017 according to SRatingsIntel. OTR Global downgraded the stock to “Negative” rating in Tuesday, July 18 report. The firm has “Mkt Perform” rating given on Wednesday, February 1 by FBR Capital. The firm has “Neutral” rating given on Wednesday, August 2 by Citigroup. The rating was downgraded by FBR Capital on Monday, April 3 to “Underperform”. Buckingham Research maintained the shares of UAA in report on Wednesday, August 2 with “Underperform” rating. The stock of Under Armour Inc (NYSE:UAA) has “Reduce” rating given on Wednesday, August 2 by Nomura. Buckingham Research downgraded the shares of UAA in report on Wednesday, February 1 to “Underperform” rating. Morgan Stanley maintained Under Armour Inc (NYSE:UAA) on Monday, August 7 with “Equal-Weight” rating. The rating was downgraded by Evercore on Wednesday, February 1 to “Hold”. Susquehanna downgraded Under Armour Inc (NYSE:UAA) on Tuesday, January 31 to “Neutral” rating.

About 5.31M shares traded or 31.44% up from the average. Under Armour Inc (UAA) has declined 48.99% since September 19, 2016 and is downtrending. It has underperformed by 65.69% the S&P500.

Analysts await Under Armour Inc (NYSE:UAA) to report earnings on October, 24. They expect $0.19 EPS, down 34.48 % or $0.10 from last year’s $0.29 per share. UAA’s profit will be $80.38M for 22.24 P/E if the $0.19 EPS becomes a reality. After $-0.03 actual EPS reported by Under Armour Inc for the previous quarter, Wall Street now forecasts -733.33 % EPS growth.

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 market cap of $7.15 billion. The Company’s divisions include North America, consisting of the United States and Canada; Europe, the Middle East and Africa ; Asia-Pacific; Latin America, and Connected Fitness. It has a 34.64 P/E ratio. The Company’s products are sold across the world and worn by athletes at all levels, from youth to professional, on playing fields around the globe, as well as by clients with active lifestyles.

More notable recent Under Armour Inc (NYSE:UAA) news were published by: Investorplace.com which released: “Under Armour Inc (UAA) Is Not Yet Done Reaping What It Sowed” on August 30, 2017, also Therealdeal.com with their article: “Goldman to finance part of Under Armour CEO’s new “mini-city” in Baltimore” published on September 17, 2017, Investorplace.com published: “Don’t Buy the Dip in Under Armour Inc (UAA) Stock” on August 28, 2017. More interesting news about Under Armour Inc (NYSE:UAA) were released by: Finance.Yahoo.com and their article: “Listen to an NBA Superstar & Sell Under Armour Inc (UAA) Stock” published on September 14, 2017 as well as Seekingalpha.com‘s news article titled: “Under Armour: No Worries From Finish Line Debacle” with publication date: August 30, 2017.

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