Barclays Issues Pessimistic Forecast for Ubiquiti (NYSE:UI) Stock Price

Ubiquiti (NYSE:UI) had its price target dropped by equities research analysts at Barclays from $236.00 to $222.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s target price would indicate a potential downside of 36.25% from the stock’s current price.

Several other brokerages have also recently commented on UI. StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. BWS Financial boosted their price target on shares of Ubiquiti from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th.

Ubiquiti Stock Down 5.1 %

Ubiquiti stock opened at $348.24 on Monday. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $21.06 billion, a P/E ratio of 53.91 and a beta of 1.14. The firm has a 50 day moving average price of $369.49 and a 200-day moving average price of $283.43. Ubiquiti has a twelve month low of $104.24 and a twelve month high of $469.98.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. As a group, equities analysts predict that Ubiquiti will post 7.21 EPS for the current year.

Institutional Investors Weigh In On Ubiquiti

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning raised its position in Ubiquiti by 28.4% during the second quarter. Creative Planning now owns 2,643 shares of the company’s stock valued at $385,000 after purchasing an additional 585 shares in the last quarter. CWM LLC lifted its position in Ubiquiti by 81.2% in the 3rd quarter. CWM LLC now owns 1,486 shares of the company’s stock worth $329,000 after buying an additional 666 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Ubiquiti in the 3rd quarter worth approximately $222,000. Willis Investment Counsel lifted its stake in Ubiquiti by 6.0% in the third quarter. Willis Investment Counsel now owns 3,250 shares of the company’s stock worth $721,000 after purchasing an additional 185 shares during the last quarter. Finally, Raleigh Capital Management Inc. purchased a new stake in Ubiquiti during the 3rd quarter valued at about $47,000. 4.00% of the stock is owned by hedge funds and other institutional investors.

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.