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Shares of Universal Electronics (NASDAQ:UEIC) have received an average recommendation of “Buy” from the seven ratings firms that are currently covering the stock, Analyst RN reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $42.91.

UEIC has been the subject of a number of recent research reports. Analysts at Avondale Partners upgraded shares of Universal Electronics from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 15th. Separately, analysts at Zacks downgraded shares of Universal Electronics from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $52.80 price target on the stock. Finally, analysts at B. Riley downgraded shares of Universal Electronics from a “buy” rating to a “neutral” rating in a research note on Monday, June 2nd. They now have a $45.75 price target on the stock, down previously from $47.00.

Shares of Universal Electronics (NASDAQ:UEIC) opened at 50.18 on Wednesday. Universal Electronics has a 52 week low of $29.13 and a 52 week high of $51.28. The stock has a 50-day moving average of $47.38 and a 200-day moving average of $40.80. The company has a market cap of $798.5 million and a P/E ratio of 32.08.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.05. The company had revenue of $129.80 million for the quarter, compared to the consensus estimate of $123.21 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Analysts expect that Universal Electronics will post $2.38 EPS for the current fiscal year.

Universal Electronics Inc develops and manufactures a line of pre-programmed universal wireless remote control products, audio-video accessories, and software that are marketed for home entertainment systems.

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