DA Davidson Starts Under Armour, Inc. (UA) at Neutral; Geared for Growth, But Valuation Keeps Us Sidelined
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Price: $6.30 +0.32%
Rating Summary:
14 Buy, 24 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 50
Rating Summary:
14 Buy, 24 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 50
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DA Davidson initiates coverage on Under Armour, Inc. (NYSE: UA) with a Neutral. PT $105.00.
Analyst, Andrew Burns, said, "We believe current valuation adequately reflects UA’s substantial growth prospects and leaves little room for error. We look to get more aggressive on a pull back or if our view on earnings growth improves."
"While we believe UA can hit guidance, the combination of robust valuation, lofty investor expectations, and some near-term headwinds keeps us from recommending the shares at this point."
"We are introducing 1Q12 revenue and EPS estimates of $381 million and $0.24. Our 2012 and 2013 estimates are $1.798 billion and $2.36 and $2.190 billion and $3.01, respectively."
For an analyst ratings summary and ratings history on Under Armour, Inc. click here. For more ratings news on Under Armour, Inc. click here.
Shares of Under Armour, Inc. closed at $96.03 yesterday.
Analyst, Andrew Burns, said, "We believe current valuation adequately reflects UA’s substantial growth prospects and leaves little room for error. We look to get more aggressive on a pull back or if our view on earnings growth improves."
"While we believe UA can hit guidance, the combination of robust valuation, lofty investor expectations, and some near-term headwinds keeps us from recommending the shares at this point."
"We are introducing 1Q12 revenue and EPS estimates of $381 million and $0.24. Our 2012 and 2013 estimates are $1.798 billion and $2.36 and $2.190 billion and $3.01, respectively."
For an analyst ratings summary and ratings history on Under Armour, Inc. click here. For more ratings news on Under Armour, Inc. click here.
Shares of Under Armour, Inc. closed at $96.03 yesterday.
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