Nike inc (NKE) Receives a Buy from Guggenheim

By Jason Carr

In a report released today, Robert Drbul from Guggenheim maintained a Buy rating on Nike inc (NKEResearch Report). The company’s shares closed last Monday at $95.60, close to its 52-week high of $96.87.

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 8.5% and a 64.8% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ralph Lauren Corp.

Currently, the analyst consensus on Nike inc is a Moderate Buy with an average price target of $102.72, a 6.9% upside from current levels. In a report issued on October 7, Deutsche Bank also maintained a Buy rating on the stock with a $105.00 price target.

See today’s analyst top recommended stocks >>

Nike inc’s market cap is currently $150.2B and has a P/E ratio of 35.74. The company has a Price to Book ratio of 16.21.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.