UBS AG (UBS) Releases Quarterly Earnings Results
UBS AG (NYSE:UBS) announced its earnings results on Tuesday. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.01, Analyst Ratings News reports. The company had revenue of $29.00 billion for the quarter, compared to the consensus estimate of $6.78 billion. During the same quarter last year, the company posted ($0.58) earnings per share. UBS AG’s revenue was down 2.2% compared to the same quarter last year.
A number of analysts have recently weighed in on UBS shares. Analysts at National Bank Financial raised their price target on shares of UBS AG from $40.00 to $44.00 in a research note to investors on Monday. They now have a “sector perform” rating on the stock. On a related note, analysts at Zacks upgraded shares of UBS AG from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, September 19th. They now have a $22.50 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of UBS AG from an “underperform” rating to a “market perform” rating in a research note to investors on Thursday, August 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $30.96.
Shares of UBS AG (NYSE:UBS) traded down 7.02% on Tuesday, hitting $19.87. 1,913,617 shares of the company’s stock traded hands. UBS AG has a 1-year low of $11.01 and a 1-year high of $20.91. The stock’s 50-day moving average is $20.16 and its 200-day moving average is $17.77. The company’s market cap is $74.865 billion.
UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis.
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