UBS Group (NYSE:UBS – Get Free Report) released its earnings results on Wednesday. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.22, Briefing.com reports. UBS Group had a net margin of 2.31% and a return on equity of 2.13%. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the previous year, the firm earned $1.88 earnings per share.
UBS Group Price Performance
UBS opened at $30.38 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 4.00. UBS Group has a 52-week low of $23.14 and a 52-week high of $32.13. The company has a 50 day moving average of $30.14 and a two-hundred day moving average of $29.74. The company has a market cap of $97.41 billion, a P/E ratio of 3.31 and a beta of 1.16.
Analysts Set New Price Targets
UBS has been the subject of a number of recent analyst reports. Citigroup downgraded shares of UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 23rd. BNP Paribas downgraded shares of UBS Group from an “outperform” rating to a “neutral” rating in a report on Monday, April 22nd. Finally, StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, UBS Group presently has an average rating of “Moderate Buy”.
UBS Group Company Profile
UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.
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