Uber Technologies, Inc. (NYSE:UBER) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Uber Technologies, Inc. (NYSE:UBERGet Rating) have been given a consensus rating of “Buy” by the twenty-nine research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and twenty-six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $62.15.

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group lowered their target price on shares of Uber Technologies from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, February 10th. BTIG Research lowered their price objective on shares of Uber Technologies from $80.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, February 10th. Jefferies Financial Group set a $80.00 price objective on shares of Uber Technologies and gave the stock a “buy” rating in a research note on Friday, February 11th. Royal Bank of Canada lowered their price objective on shares of Uber Technologies from $65.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, March 21st. Finally, Bank of America upped their price objective on shares of Uber Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 10th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Altman Advisors Inc. increased its holdings in shares of Uber Technologies by 0.6% during the third quarter. Altman Advisors Inc. now owns 36,703 shares of the ride-sharing company’s stock valued at $1,608,000 after acquiring an additional 228 shares in the last quarter. Godshalk Welsh Capital Management Inc. increased its holdings in Uber Technologies by 4.4% in the 3rd quarter. Godshalk Welsh Capital Management Inc. now owns 5,925 shares of the ride-sharing company’s stock worth $265,000 after buying an additional 250 shares during the period. Valmark Advisers Inc. increased its holdings in Uber Technologies by 1.0% in the 3rd quarter. Valmark Advisers Inc. now owns 28,784 shares of the ride-sharing company’s stock worth $1,290,000 after buying an additional 293 shares during the period. CapWealth Advisors LLC increased its holdings in Uber Technologies by 1.5% in the 3rd quarter. CapWealth Advisors LLC now owns 21,307 shares of the ride-sharing company’s stock worth $955,000 after buying an additional 309 shares during the period. Finally, Accel Wealth Management increased its holdings in Uber Technologies by 18.2% in the 1st quarter. Accel Wealth Management now owns 2,015 shares of the ride-sharing company’s stock worth $72,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 72.19% of the company’s stock.

Shares of UBER opened at $31.48 on Monday. The firm has a market capitalization of $61.54 billion, a P/E ratio of -98.38 and a beta of 1.31. Uber Technologies has a 12-month low of $28.28 and a 12-month high of $56.13. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.61. The firm has a fifty day moving average price of $32.87 and a 200-day moving average price of $38.05.

Uber Technologies (NYSE:UBERGet Rating) last issued its earnings results on Wednesday, February 9th. The ride-sharing company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.77. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.39 billion. Uber Technologies had a negative net margin of 2.84% and a positive return on equity of 3.90%. Analysts predict that Uber Technologies will post -0.77 earnings per share for the current year.

About Uber Technologies (Get Rating)

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

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