Stock Rating Downgrade
The Value Trend Rating for Under Armour Inc (NYSE: UAA) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Under Armour Inc (NYSE: UAA) stock closed at $6.73 on 4/19/24 after an increase of 1.8%. However, trading volume in this advance was below average at 67% of normal. The stock has risen 1.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, UAA is expected to continue to be a Value Builder.
Under Armour has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Under Armour has a neutral Power Rating of 55 and a slightly positive Appreciation Score of 67, resulting in the High Neutral Value Trend Rating.
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