Ubiquiti Networks Given New $35.00 Price Target at Deutsche Bank (UBNT)
Equities research analysts at Deutsche Bank hoisted their target price on shares of Ubiquiti Networks (NASDAQ:UBNT) from $25.00 to $35.00 in a research note issued to investors on Monday, AnalystRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target indicates a potential downside of 14.86% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of Ubiquiti Networks from $36.00 to $46.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of Ubiquiti Networks from $40.00 to $46.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Wunderlich reiterated a “buy” rating on shares of Ubiquiti Networks in a research note to investors on Wednesday, September 25th. They now have a $40.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Ubiquiti Networks presently has a consensus rating of “Buy” and a consensus target price of $32.85.
In other Ubiquiti Networks news, CTO John Sanford unloaded 10,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $38.28, for a total transaction of $382,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Ubiquiti Networks (NASDAQ:UBNT) traded up 0.46% on Monday, hitting $41.299. 650,053 shares of the company’s stock traded hands. Ubiquiti Networks has a 1-year low of $9.97 and a 1-year high of $41.93. The stock has a 50-day moving average of $34.62 and a 200-day moving average of $23.22. The company has a market cap of $3.618 billion and a price-to-earnings ratio of 46.19.
Ubiquiti Networks (NASDAQ:UBNT) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.06. The company had revenue of $101.20 million for the quarter, compared to the consensus estimate of $93.28 million. During the same quarter last year, the company posted $0.30 earnings per share. Ubiquiti Networks’s revenue was up 6.7% compared to the same quarter last year.
Ubiquiti Networks, Inc (NASDAQ:UBNT) is a communications technology Company.
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