Argus Downgrades Under Armour, Inc. (UAA) to Hold

Get Alerts UAA Hot Sheet
Rating Summary:
9 Buy, 23 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 16 | New: 51
Join SI Premium – FREE
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
Argus analyst Kristina Ruggeri downgraded Under Armour, Inc. (NYSE: UAA) from Buy to Hold.
The analyst comments "On the fundamentals, UAA is trading at a lofty 157-times our 2021 EPS estimate and 70-times our 2022 estimate, reflecting both the recent run-up in the share price and the company's relatively weak near-term earnings outlook. The price/sales multiple is 2.3, above the peer average. While we have a favorable view of UAA's long-term prospects, we believe that it will need time to overcome current challenges and that a HOLD rating is now appropriate. We would consider returning the stock to our BUY list on signs of an improving earnings outlook."
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 $22.40 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: BofA Securities Downgrades Lucira Health Inc. (LHDX) to Underperform
- UPDATE: Susquehanna Upgrades Spirit Airlines (SAVE) to Positive Ahead of Q1 Earnings
- Booking (BKNG) Upgraded to a 'Buy' at Jefferies as Travel Expected to Rebound in 2H2021
Create E-mail Alert Related Categories
Analyst Comments, Downgrades, Hot Comments, Hot DowngradesRelated Entities
Argus, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!