Argus started coverage on shares of Uber Technologies (NYSE:UBER) in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The firm set a “hold” rating on the ride-sharing company’s stock.
Other research analysts also recently issued reports about the stock. Evercore ISI reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Sunday, August 11th. SunTrust Banks set a $56.00 price objective on shares of Uber Technologies and gave the company a “buy” rating in a research report on Friday, August 9th. Consumer Edge began coverage on shares of Uber Technologies in a research report on Tuesday, May 21st. They set an “equal weight” rating on the stock. CIBC began coverage on shares of Uber Technologies in a research report on Tuesday, June 4th. They issued an “outperform” rating and a $55.00 target price for the company. Finally, New Street Research began coverage on shares of Uber Technologies in a research report on Thursday, May 23rd. They issued a “buy” rating and a $50.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $53.86.
Shares of Uber Technologies stock traded down $0.21 during trading on Thursday, hitting $33.79. The stock had a trading volume of 112,955 shares, compared to its average volume of 13,152,968. The stock’s 50 day simple moving average is $36.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.57 and a quick ratio of 2.57. Uber Technologies has a 1 year low of $30.67 and a 1 year high of $47.08.
Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) earnings per share for the quarter, missing the consensus estimate of ($3.33) by ($1.39). The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the prior year, the business posted ($2.01) earnings per share. Uber Technologies’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, analysts expect that Uber Technologies will post -7.2 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Legacy Advisors LLC bought a new stake in Uber Technologies in the 2nd quarter valued at $26,000. Avestar Capital LLC bought a new stake in Uber Technologies in the 2nd quarter valued at $27,000. Sound Income Strategies LLC bought a new stake in Uber Technologies in the 2nd quarter valued at $28,000. Signaturefd LLC bought a new stake in Uber Technologies in the 2nd quarter valued at $31,000. Finally, Regal Wealth Group Inc. bought a new stake in Uber Technologies in the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 45.32% of the company’s stock.
Uber Technologies Company Profile
Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.
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