Uber Technologies (NYSE: UBER – Get a Rating) had its price target lowered by Barclays stock analysts from $52.00 to $48.00 in a research note released to investors on Thursday, reports The Fly. Barclays’ target price would suggest a potential upside of 70.82% from the company’s current price.
A number of other research analysts have also weighed in on UBER recently. Deutsche Bank Aktiengesellschaft began covering Uber Technologies in a Friday, March 11 report. They issued a “buy” rating and a target price of $50.00 on the stock. Canaccord Genuity Group lowered its price target on Uber Technologies from $75.00 to $65.00 and set a “buy” rating on the stock in a Thursday, Feb. 10 research note. Royal Bank of Canada lowered its price target on Uber Technologies from $65.00 to $50.00 and set an “outperform” rating for the stock in a Monday, March 21 research note. Oppenheimer cut his price target on Uber Technologies from $50.00 to $45.00 in a Friday, Feb. 11 research note. Finally, Wells Fargo & Company cut its price target on Uber Technologies from $68.00 to $55.00 in a research note on Thursday. One equity research analyst gave the stock a hold rating and twenty-eight gave the company a buy rating. According to MarketBeat, Uber Technologies has an average rating of “Buy” and a consensus price target of $59.97.
UBER stock opened at $28.10 on Thursday. Uber Technologies has a fifty-two week low of $25.90 and a fifty-two week high of $54.07. The company’s 50-day moving average is $32.61 and its two-hundred-day moving average is $37.80. The company has a debt ratio of 0.61, a current ratio of 0.98 and a quick ratio of 0.98.
Uber Technologies (NYSE:UBER – Get Rating) last reported results on Wednesday, February 9. The ride-hailing company reported earnings per share of $0.44 for the quarter, beating analysts’ consensus estimate of ($0.33) by $0.77. Uber Technologies posted a positive return on equity of 3.90% and a negative net margin of 2.84%. The company posted revenue of $5.78 billion for the quarter, versus a consensus estimate of $5.39 billion. Equity research analysts expect Uber Technologies to post -0.76 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in UBER. Fisher Asset Management LLC bought a new position in Uber Technologies during Q4, valued at approximately $635,212,000. Norges Bank bought a new position in Uber Technologies during Q4 worth approximately $594,489,000. Jennison Associates LLC increased its stake in Uber Technologies by 23.6% in Q4. Jennison Associates LLC now owns 49,538,244 shares of the ride-hailing company valued at $2,077,139,000 after purchasing an additional 9,449,743 shares last quarter. Viking Global Investors LP bought a new position in shares of Uber Technologies in Q3 for a value of approximately $286,355,000. Finally, Renaissance Technologies LLC increased its stake in Uber Technologies shares by 6,009.3% in the third quarter. Renaissance Technologies LLC now owns 4,820,200 shares of the ride-hailing company worth $215,945,000 after purchasing an additional 4,741,300 shares during the period. Institutional investors and hedge funds hold 72.58% of the company’s shares.
Uber Technologies Company Profile (Get a rating)
Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa and Asia-Pacific. It connects consumers with independent transportation service providers for ride-sharing services; and connects passengers and other consumers at restaurants, grocery stores and other stores with delivery service providers for meal preparation, groceries and other delivery services.
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