BWS Financial Raises Ubiquiti (NYSE:UI) Price Target to $385.00

Ubiquiti (NYSE:UI) had its target price hoisted by BWS Financial from $240.00 to $385.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. BWS Financial’s price target points to a potential upside of 10.06% from the stock’s previous close.

UI has been the topic of a number of other reports. Barclays upped their target price on shares of Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a report on Monday. StockNews.com downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research report on Tuesday, September 3rd.

Ubiquiti Stock Performance

Shares of UI opened at $349.82 on Monday. The company has a market capitalization of $21.15 billion, a PE ratio of 54.15 and a beta of 1.13. Ubiquiti has a 52-week low of $104.24 and a 52-week high of $352.90. The company has a 50-day simple moving average of $234.00 and a 200-day simple moving average of $182.44. The company has a quick ratio of 1.59, a current ratio of 3.22 and a debt-to-equity ratio of 7.05.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, August 23rd. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.17). The firm had revenue of $507.50 million for the quarter, compared to analysts’ expectations of $538.23 million. Ubiquiti had a return on equity of 3,321.33% and a net margin of 18.15%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts predict that Ubiquiti will post 7.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UI. US Bancorp DE boosted its holdings in Ubiquiti by 3.9% in the third quarter. US Bancorp DE now owns 1,537 shares of the company’s stock valued at $341,000 after purchasing an additional 57 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Ubiquiti by 3.4% during the third quarter. CIBC Asset Management Inc now owns 1,768 shares of the company’s stock worth $392,000 after buying an additional 58 shares in the last quarter. Huntington National Bank increased its stake in shares of Ubiquiti by 267.6% in the third quarter. Huntington National Bank now owns 125 shares of the company’s stock worth $28,000 after buying an additional 91 shares during the last quarter. Covestor Ltd raised its holdings in Ubiquiti by 29.0% in the first quarter. Covestor Ltd now owns 516 shares of the company’s stock valued at $60,000 after acquiring an additional 116 shares in the last quarter. Finally, Willis Investment Counsel boosted its stake in Ubiquiti by 6.0% during the 3rd quarter. Willis Investment Counsel now owns 3,250 shares of the company’s stock valued at $721,000 after acquiring an additional 185 shares during the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.