UBS Group AG (NYSE:UBS – Get Rating) received an average “Buy” recommendation from the fifteen brokerages that currently cover the stock, MarketBeat reports. Five research analysts gave the stock a hold rating and six gave the company a buy rating. The 12-month average price target among brokerages that have issued ratings on the stock over the past year is $19.92.
UBS has been the subject of several analyst reports. Morgan Stanley raised its price target on UBS Group shares from CHF 21 to CHF 22 and gave the stock an “equal weight” rating in a Wednesday, April 27 research note. Royal Bank of Canada raised its price target on UBS Group shares from CHF20 to CHF21 in a Thursday, April 28 research note. JPMorgan Chase & Co. raised its price target on UBS Group shares from CHF 20 to CHF 21 in a Friday April 1 research note. Goldman Sachs Group launched a hedge on UBS Group shares in a research note on Wednesday, March 30. They issued a “buy” rating on the stock. Finally, Keefe, Bruyette & Woods upgraded UBS Group shares from an “outperform” rating to a “market performer” rating and set a price target of $20.50 for the stock. in a research note from Tuesday, February 15.
Shares of NYSE UBS were down $0.30 midday Friday, hitting $18.79. 1,879,971 shares of the company were traded, with an average volume of 3,816,800. The stock’s 50-day moving average price is $18.03 and its 200-day moving average price is 18.32 $. The stock has a market capitalization of $65.39 billion, a P/E ratio of 8.66, a PEG ratio of 0.65 and a beta of 1.17. UBS Group has a 1-year low of $14.42 and a 1-year high of $21.49. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt ratio of 3.43.
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UBS Group (NYSE:UBS – Get Rating) last released its results on Tuesday, April 26. The bank reported earnings per share of $0.61 for the quarter, beating analysts’ consensus estimate of $0.52 by $0.09. The company posted revenue of $9.38 billion for the quarter, versus $8.97 billion for analysts. UBS Group achieved a net margin of 18.88% and a return on equity of 12.96%. In the same quarter a year earlier, the company posted earnings per share of $0.49. On average, equity research analysts expect UBS Group to post an EPS of 2.29 for the current year.
Several hedge funds and other institutional investors have recently changed their positions in UBS. West Bancorporation Inc. acquired a new position in UBS Group shares during the fourth quarter worth approximately $26,000. CWM LLC purchased a new stake in UBS Group shares during the fourth quarter worth approximately $31,000. CKW Financial Group purchased a new stake in UBS Group shares during the first quarter worth approximately $53,000. Creative Financial Designs Inc. ADV purchased a new stake in UBS Group shares during the first quarter for a value of approximately $63,000. Finally, Prospera Financial Services Inc purchased a new stake in UBS Group shares during the first quarter at a value of approximately $64,000. Hedge funds and other institutional investors own 39.72% of the company’s shares.
UBS Group Company Profile (Get a rating)
UBS Group AG provides financial advice and solutions to private, institutional and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and Investment Bank. The Global Wealth Management division offers investment advice and solutions, as well as lending solutions to ultra-high net worth and high net worth clients.
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