Stifel Nicolaus Lowers Uber Technologies (NYSE:UBER) Price Target to $40.00

Uber Technologies (NYSE:UBERGet Rating) had its price objective trimmed by Stifel Nicolaus from $48.00 to $40.00 in a research report report published on Wednesday morning, The Fly reports.

UBER has been the subject of several other research reports. Royal Bank of Canada decreased their price target on Uber Technologies from $65.00 to $50.00 and set an outperform rating for the company in a research note on Monday, March 21st. Jefferies Financial Group set a $80.00 target price on Uber Technologies and gave the company a buy rating in a report on Friday, February 11th. Bank of America raised their target price on Uber Technologies from $53.00 to $55.00 and gave the company a buy rating in a report on Thursday, February 10th. BTIG Research dropped their target price on Uber Technologies from $80.00 to $65.00 and set a buy rating on the stock in a report on Thursday, February 10th. Finally, DA Davidson dropped their target price on Uber Technologies from $68.00 to $62.00 and set a buy rating on the stock in a report on Thursday, February 10th. One analyst has rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies has a consensus rating of Buy and an average price target of $59.00.

Shares of UBER opened at $28.10 on Wednesday. Uber Technologies has a 12-month low of $25.90 and a 12-month high of $54.07. The business has a 50-day simple moving average of $32.61 and a two-hundred day simple moving average of $37.80. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.61. The stock has a market cap of $54.93 billion, a PE ratio of -87.81 and a beta of 1.30.

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, topping analysts’ consensus estimates of ($0.33) by $0.77. Uber Technologies had a positive return on equity of 3.90% and a negative net margin of 2.84%. The business had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.39 billion. On average, equities research analysts expect that Uber Technologies will post -0.76 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Summit X LLC increased its position in Uber Technologies by 6.3% in the first quarter. Summit X LLC now owns 7,106 shares of the ride-sharing company’s stock worth $253,000 after buying an additional 419 shares during the last quarter. Pinnacle Associates Ltd. increased its position in Uber Technologies by 12.3% in the first quarter. Pinnacle Associates Ltd. now owns 67,609 shares of the ride-sharing company’s stock worth $2,412,000 after buying an additional 7,414 shares during the last quarter. Ameritas Advisory Services LLC increased its position in Uber Technologies by 6.5% in the first quarter. Ameritas Advisory Services LLC now owns 13,590 shares of the ride-sharing company’s stock worth $485,000 after buying an additional 834 shares during the last quarter. Stephens Inc. AR increased its position in Uber Technologies by 63.4% in the first quarter. Stephens Inc. AR now owns 83,055 shares of the ride-sharing company’s stock worth $2,963,000 after buying an additional 32,239 shares during the last quarter. Finally, Ziegler Capital Management LLC increased its position in Uber Technologies by 84.0% in the first quarter. Ziegler Capital Management LLC now owns 65,911 shares of the ride-sharing company’s stock worth $2,352,000 after buying an additional 30,098 shares during the last quarter. 72.58% of the stock is owned by institutional investors and hedge funds.

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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