Benchmark Lowers T-Mobile US (NASDAQ:TMUS) Price Target to $280.00

T-Mobile US (NASDAQ:TMUS) had its target price dropped by equities research analysts at Benchmark from $295.00 to $280.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the Wireless communications provider’s stock. Benchmark’s price target indicates a potential upside of 55.48% from the stock’s previous close.

A number of other research firms have also weighed in on TMUS. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Royal Bank Of Canada decreased their target price on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Moffett Nathanson raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price target on the stock in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft cut their price target on T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $252.88.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $180.09 on Friday. The business’s fifty day simple moving average is $184.53 and its 200-day simple moving average is $195.66. The company has a market cap of $194.89 billion, a PE ratio of 18.86, a PEG ratio of 1.06 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.97 and a debt-to-equity ratio of 1.48. T-Mobile US has a 12-month low of $165.66 and a 12-month high of $261.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.84 EPS. Analysts expect that T-Mobile US will post 10.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the sale, the insider directly owned 181,930 shares in the company, valued at approximately $35,623,713.30. This trade represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andre Almeida purchased 5,097 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the purchase, the insider directly owned 44,850 shares in the company, valued at $8,798,673. This represents a 12.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. JDM Financial Group LLC raised its stake in shares of T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Main Street Group LTD purchased a new position in shares of T-Mobile US in the first quarter valued at $25,000. Swiss RE Ltd. acquired a new stake in T-Mobile US during the 4th quarter valued at $29,000. Turning Point Benefit Group Inc. grew its holdings in T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after purchasing an additional 153 shares in the last quarter. Finally, Sachetta LLC increased its stake in T-Mobile US by 52.9% during the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after buying an additional 55 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

More T-Mobile US News

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile beat second-quarter profit expectations, with adjusted EPS of $2.99, helped by strong service revenue and customers moving to higher-priced premium plans.
• Positive Sentiment: The company raised its full-year free cash flow outlook, which is a key bullish signal for investors because it supports dividends, buybacks, and financial flexibility.
• Positive Sentiment: T-Mobile continued its share repurchase program, including a multibillion-dollar buyback tranche, reinforcing management’s confidence in cash generation.
• Positive Sentiment: Several analysts remain constructive even after trimming price targets, with multiple firms still rating the stock Buy or Overweight.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.