UCP’s Buy Rating Reaffirmed at Citigroup Inc. (UCP)
UCP (NYSE:UCP)‘s stock had its “buy” rating restated by equities researchers at Citigroup Inc. in a research report issued on Monday. They currently have a $17.00 target price on the stock, down from their previous target price of $20.00. Citigroup Inc.’s price target suggests a potential upside of 33.65% from the stock’s previous close.
UCP (NYSE:UCP) traded up 1.18% during mid-day trading on Monday, hitting $12.87. 4,950 shares of the company’s stock traded hands. UCP has a 52-week low of $12.01 and a 52-week high of $17.10. The stock has a 50-day moving average of $12.98 and a 200-day moving average of $14.18. The company’s market cap is $102.0 million.
UCP (NYSE:UCP) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.09. The company had revenue of $63.60 million for the quarter, compared to the consensus estimate of $34.00 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 129.6% on a year-over-year basis. On average, analysts predict that UCP will post $-0.09 earnings per share for the current fiscal year.
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