About this document
Nike Investment Analysis and Forecast by Chima C. Ugwuegbu is a document available to read on EtoBox.
This document provides an equity research report on NIKE (NKE) from April 2004 recommending the stock as a buy. Some key points: - NIKE reported $10.7 billion in revenue for 2003, an 8% increase over 2002, and net income growth of 61% in March 2004. - The analyst sets a 2005 target price of $94.85 based on an estimated P/E of 24.7 and 2005 EPS estimate of $3.84, above the current price of $76.64. - NIKE has a market capitalization over 20 times larger than its closest competitor, Reebok.
- Author
- Chima C. Ugwuegbu
- Language
- EN