UBS AG Rating Increased to Buy at Merrill Lynch (UBS)
UBS AG (NYSE:UBS) was upgraded by investment analysts at Merrill Lynch to a “buy” rating in a note issued to investors on Monday, Analyst RN reports.
Shares of UBS AG (NYSE:UBS) traded up 1.73% on Monday, hitting $20.63. 2,870,242 shares of the company’s stock traded hands. UBS AG has a one year low of $15.08 and a one year high of $21.61. The stock’s 50-day moving average is $18.8 and its 200-day moving average is $19.41. The company has a market cap of $77.724 billion and a price-to-earnings ratio of 222.86.
UBS AG (NYSE:UBS) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.01. The company had revenue of $29.00 billion for the quarter, compared to the consensus estimate of $6.78 billion. During the same quarter in the previous year, the company posted ($0.58) earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. upgraded shares of UBS AG from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at Credit Suisse downgraded shares of UBS AG from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $44.00 price target on the stock, up previously from $40.00. Finally, analysts at Societe Generale initiated coverage on shares of UBS AG in a research note to investors on Tuesday, January 7th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. UBS AG has a consensus rating of “Hold” and a consensus target price of $30.67.
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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