Nike Maintains Neutral Rating Amid Analyst Disagreements

Nike's (NYSE:NKE) stock has retained its 'neutral' rating from Royal Bank Of Canada, according to a report released on Tuesday. This is not an isolated view, as several other research analysts have also weighed in on the company.

Truist Financial assigned a $42 price objective and a 'hold' rating, while Zacks Research upgraded Nike's rating from 'strong sell' to 'hold'. Bank of America cut its price target from $55 to $47, but still maintained a 'neutral' rating. Other analysts have been more bearish, with Rothschild & Co Redburn reducing their price target to $37 and assigning a 'sell' rating.

The company's stock opened at $35.95 on Tuesday, with a market capitalization of over $53 billion. The firm has a 50-day simple moving average of $39.91 and a 200-day average of $43.78. In its latest earnings report, Nike posted revenue of $10.97 billion for the quarter, down 1.1% from the same period last year.

Analysts predict that Nike will post 1.67 earnings per share for the current fiscal year. The company's return on equity is 16.54%, and its net margin is 6.70%. Insiders have been selling shares, with CFO Matthew Friend unloading 2,463 shares in August at an average price of $41.60.