Guggenheim Reiterates Their Buy Rating on Nike (NKE)

By Austin Angelo

Guggenheim analyst Robert Drbul reiterated a Buy rating on Nike (NKEResearch Report) today. The company’s shares closed last Monday at $91.29.

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 8.8% and a 65.3% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings, Burlington Stores, and Capri Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nike with a $102.65 average price target, implying a 14.4% upside from current levels. In a report issued on November 5, Raymond James also initiated coverage with a Buy rating on the stock with a $100.00 price target.

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Nike’s market cap is currently $139.7B and has a P/E ratio of 34.13. The company has a Price to Book ratio of 15.48.

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