Ubiquiti’s (UI) Buy Rating Reiterated at BWS Financial

BWS Financial reissued their buy rating on shares of Ubiquiti (NYSE:UI) in a research note released on Monday,Benzinga reports. BWS Financial currently has a $980.00 price target on the stock.

Several other equities research analysts have also recently commented on UI. Barclays boosted their price target on shares of Ubiquiti from $489.00 to $537.00 and gave the stock an “underweight” rating in a research report on Monday. Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Friday, September 18th. Finally, Weiss Ratings lowered shares of Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ubiquiti has an average rating of “Moderate Buy” and a consensus target price of $758.50.

Ubiquiti Stock Performance

UI opened at $679.55 on Monday. Ubiquiti has a one year low of $500.23 and a one year high of $1,099.99. The stock’s fifty day moving average is $592.20 and its 200-day moving average is $659.16. The company has a market capitalization of $41.10 billion, a PE ratio of 38.75 and a beta of 1.34.

Ubiquiti (NYSE:UI) last announced its quarterly earnings data on Friday, November 6th. The company reported $5.32 earnings per share for the quarter, beating the consensus estimate of $4.25 by $1.07. Ubiquiti had a return on equity of 80.29% and a net margin of 30.08%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $977.45 million. On average, equities research analysts forecast that Ubiquiti will post 16.94 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Monday, November 16th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, November 16th. Ubiquiti’s dividend payout ratio (DPR) is 22.59%.

Institutional Investors Weigh In On Ubiquiti

A number of large investors have recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in Ubiquiti in the 2nd quarter worth approximately $17,647,000. Diversify Advisory Services LLC acquired a new stake in Ubiquiti during the 2nd quarter valued at $1,526,000. Canada Pension Plan Investment Board acquired a new stake in Ubiquiti during the 2nd quarter valued at $19,140,000. Militia Capital Management LLC acquired a new stake in Ubiquiti during the 1st quarter valued at $1,581,000. Finally, Deutsche Bank AG purchased a new stake in shares of Ubiquiti in the second quarter valued at $12,832,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Company Profile

Ubiquiti Inc. develops and sells networking technology for businesses, service providers and consumers. Its products include wireless access points, routers, switches and broadband wireless equipment, along with network management software and security devices such as cameras and access control systems. The company markets products under brands including UniFi, airMAX, EdgeMAX and AmpliFi. Its UniFi platform brings together networking, video surveillance and access control products with centralized management tools.