Under Armour (UA, $18.59) coverage resumed at J.P. Morgan with neutral rating
Analysts at J.P. Morgan resumed coverage of Under Armour this week.
This time, the J.P. Morgan analysts gave a neutral rating on the sports and casual apparel maker’s stock . Their last rating on the shares was outperform. Analysts at the bank have a $23 price target on the shares.
J.P. Morgan expects 4.7% fourth-quarter revenue growth for Under Armour, compared to Wall Street’s estimate of 5.7% growth. Fiscal 2020 revenue growth estimate is 3.8% at J.P. Morgan, vs. 4.7% on Wall Street. EBIT estimate is $298 million at J.P. Morgan, compared to $311 million estimate of the Street.
Momentum Indicator for UA turns positive, indicating new upward trend
UA saw its Momentum Indicator move above the 0 level on December 02, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 78 similar instances where the indicator turned positive. In of the 78 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for UA just turned positive on December 11, 2024. Looking at past instances where UA's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UA advanced for three days, in of 322 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 217 cases where UA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for UA moved out of overbought territory on November 08, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where UA's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
UA broke above its upper Bollinger Band on November 07, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. UA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.406) is normal, around the industry mean (3.051). P/E Ratio (7.888) is within average values for comparable stocks, (28.555). Projected Growth (PEG Ratio) (1.788) is also within normal values, averaging (1.991). Dividend Yield (0.000) settles around the average of (0.036) among similar stocks. P/S Ratio (0.551) is also within normal values, averaging (1.481).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. UA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock worse than average.
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General Information
a designer of branded performance products for men, women and youth
Industry ApparelFootwear