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

BWS Financial restated their buy rating on shares of Ubiquiti (NYSE:UI) in a report published on Monday morning,Benzinga reports. They currently have a $440.00 target price on the stock.

Several other equities analysts have also recently weighed in on the company. Barclays lowered their price target on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a report on Monday. StockNews.com raised Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th.

Ubiquiti Price Performance

NYSE UI opened at $367.24 on Monday. Ubiquiti has a one year low of $104.24 and a one year high of $469.98. The stock has a 50-day moving average of $369.19 and a 200 day moving average of $282.06. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.32 and a current ratio of 2.54. The company has a market capitalization of $22.21 billion, a price-to-earnings ratio of 56.85 and a beta of 1.14.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that Ubiquiti will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th will be given a $0.60 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 0.65%. Ubiquiti’s payout ratio is presently 37.15%.

Hedge Funds Weigh In On Ubiquiti

Several institutional investors and hedge funds have recently bought and sold shares of UI. Pacer Advisors Inc. raised its stake in shares of Ubiquiti by 95.0% in the fourth quarter. Pacer Advisors Inc. now owns 61,825 shares of the company’s stock worth $20,522,000 after buying an additional 30,118 shares during the period. Proficio Capital Partners LLC purchased a new stake in Ubiquiti in the 4th quarter worth approximately $15,425,000. Zacks Investment Management bought a new stake in Ubiquiti during the 3rd quarter worth approximately $8,892,000. JPMorgan Chase & Co. lifted its holdings in Ubiquiti by 20.4% during the third quarter. JPMorgan Chase & Co. now owns 29,813 shares of the company’s stock valued at $6,610,000 after purchasing an additional 5,045 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new position in shares of Ubiquiti in the fourth quarter worth approximately $9,274,000. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

About Ubiquiti

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.