Barclays Cuts Ubiquiti (NYSE:UI) Price Target to $222.00

Ubiquiti (NYSE:UI) had its price target cut by Barclays from $236.00 to $222.00 in a research report report published on Monday morning,Benzinga reports. They currently have an underweight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. BWS Financial boosted their target price on Ubiquiti from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th.

Ubiquiti Price Performance

Ubiquiti stock opened at $344.07 on Monday. The firm has a market capitalization of $20.81 billion, a P/E ratio of 53.26 and a beta of 1.14. Ubiquiti has a 1 year low of $104.24 and a 1 year high of $469.98. The business has a 50-day moving average of $369.31 and a 200-day moving average of $284.64. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 2.80.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.12. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. On average, equities analysts anticipate that Ubiquiti will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Tuesday, February 18th. Ubiquiti’s dividend payout ratio is 37.15%.

Institutional Trading of Ubiquiti

Several large investors have recently modified their holdings of the stock. Caprock Group LLC grew its holdings in shares of Ubiquiti by 2.3% during the 4th quarter. Caprock Group LLC now owns 1,085 shares of the company’s stock worth $360,000 after purchasing an additional 24 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Ubiquiti by 10.4% during the 4th quarter. National Bank of Canada FI now owns 350 shares of the company’s stock worth $116,000 after purchasing an additional 33 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Ubiquiti by 47.0% during the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock worth $40,000 after purchasing an additional 39 shares in the last quarter. Hanseatic Management Services Inc. grew its holdings in shares of Ubiquiti by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 384 shares of the company’s stock worth $127,000 after purchasing an additional 41 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Ubiquiti by 71.1% during the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock worth $43,000 after purchasing an additional 54 shares in 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.