The shares of NIKE, Inc. (NYSE:NKE) has been pegged with a rating of Underperform by BofA/Merrill in its latest research note that was published on June 24th, 2019. The research company has also assigned a $70 price target. BofA/Merrill wasn’t the only research firm that published a report of NIKE, Inc., with other equities research analysts also giving their opinion on the stock. Citigroup advised investors in its research note published on April 10th, 2019, to Buy the NKE stock while also putting a $100 price target. The stock had earned Overweight rating from JP Morgan when it published its report on March 19th, 2019. That day the JP Morgan set price target on the stock to $90. The stock was given Underperform rating by BofA/Merrill in its report released on March 19th, 2019, the day when the price target on the stock was placed at $60. Telsey Advisory Group was of a view that NKE is Outperform in its latest report on March 18th, 2019 while giving it a price target of $95. Oppenheimer thinks that NKE is worth Outperform rating. This was contained in the firm’s report on February 8th, 2019 in which the stock’s price target was also moved to $100.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 6 believe it has the potential for further growth, thus rating it as Hold while 11 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $92.50. The price of the stock the last time has raised by 25.24% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 46.99.
The shares of the company added by 2.05% during the trading session on Tuesday, reaching a low of $80.85 while ending the day at $83.32. During the trading session, a total of 6.91 million shares were traded which represents a -9.05% decline from the average session volume which is 6.34M shares. NKE had ended its last session trading at 81.65. NIKE, Inc. currently has a market cap of $132.18B, while its P/E ratio stands at 33.46, while its P/E earnings growth sits at 3.38, with a beta of 0.80. NIKE, Inc. debt-to-equity ratio currently stands at 0.38, while its quick ratio hovers at 1.40. NKE 52-week low price stands at $66.53 while its 52-week high price is $90.00.
The company in its last quarterly report recorded $0.62 earnings per share which is below the $0.66 predicted by most analysts. The NIKE, Inc. generated $10,184.00 million in revenue during the last quarter, which is slightly higher than the $10,161.20 million predicted by analysts. In the second quarter last year, the firm recorded $0.68 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -9.68%. NIKE, Inc. has the potential to record 2.49 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Jefferies published a research note on August 2nd, 2019 where it informed investors and clients that Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is now rated as Hold. Their price target on the stock stands at $11.50. Citigroup also rated PTEN as Resumed on April 10th, 2019, with its price target of $70 suggesting that PTEN could surge by 33.51% from its current share price. Even though the stock has been trading at $8.92/share, analysts expect it to surge higher by 0.56% to reach $13.49/share. It started the day trading at $9.42 and traded between $8.79 and $8.97 throughout the trading session.
A look at its technical shows that PTEN’s 50-day SMA is 10.94 while its 200-day SMA stands at 12.85. At the moment, only of Patterson-UTI Energy, Inc. shares were sold short. The company’s average trading volume currently stands at 4.08M shares, which means that the short-interest ratio is just 3.81 days. Over the past seven days, the company moved, with its shift of -7.62%. Looking further, the stock has dropped -29.81% over the past 90 days while it lost -33.41% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more PTEN shares, decreasing its portfolio by -1.06% during the last quarter. This move now sees The Vanguard Group Inc selling -204,402 shares in the last quarter, thus it now holds 19,030,149 shares of PTEN, with a total valuation of $221,320,633. BlackRock Fund Advisors meanwhile sold more PTEN shares in the recently filed quarter, changing its stake to $207,189,613 worth of shares. Dimensional Fund Advisors LP followed the path by increasing its PTEN portfolio by +25.67% in the quarter. This means that Dimensional Fund Advisors LP bought 2,460,403 shares in the last quarter and now controls 12,045,085 shares of the PTEN stock, with the valuation hitting $140,084,339.
Similarly, Macquarie Investment Management B increased its Patterson-UTI Energy, Inc. shares by +9.42% during the recently filed quarter. After buying 600,690 shares in the last quarter, the firm now controls 6,980,333 shares of Patterson-UTI Energy, Inc. which are valued at $81,181,273. In the same vein, Fuller Thaler Asset Management decreased its Patterson-UTI Energy, Inc. shares by during the most recent reported quarter. The firm sold -335,328 shares during the quarter which decreased its stakes to 6,652,592 shares and is now valued at $77,369,645. Following these latest developments, around 2.00% of Patterson-UTI Energy, Inc. stocks are owned by institutional investors and hedge funds.