Under Armour (NYSE:UAA) Receiving Somewhat Favorable News Coverage, Analysis Finds

News coverage about Under Armour (NYSE:UAA) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Under Armour earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.3774655549004 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

Several brokerages have recently commented on UAA. UBS reduced their target price on shares of Under Armour from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. Zacks Investment Research cut Under Armour from a “hold” rating to a “sell” rating in a report on Wednesday. Vetr raised Under Armour from a “strong sell” rating to a “sell” rating and set a $13.23 price target for the company in a report on Friday. Stifel Nicolaus raised Under Armour from a “hold” rating to a “buy” rating and lifted their price target for the company from $12.00 to $17.00 in a report on Friday. Finally, Wedbush reissued a “neutral” rating and set a $11.00 price objective (down from $17.00) on shares of Under Armour in a report on Wednesday, November 1st. Nineteen research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $16.92.

Under Armour (NYSE:UAA) traded up $1.35 during mid-day trading on Friday, reaching $15.17. The company’s stock had a trading volume of 14,361,468 shares, compared to its average volume of 5,539,835. The company has a market cap of $6,360.00, a PE ratio of 33.22, a price-to-earnings-growth ratio of 4.03 and a beta of 0.05. The company has a quick ratio of 1.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.37. Under Armour has a 1 year low of $11.40 and a 1 year high of $31.06.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. equities research analysts expect that Under Armour will post 0.2 earnings per share for the current fiscal year.

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About Under Armour

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’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

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