Deutsche Bank Aktiengesellschaft analysts recently upgraded Uber Technologies (NYSE: UBER) target price from an earlier $78.00 to $82.00, as per their report on the company issued this Wednesday, March 10.
The ride-sharing company was also marked with a revised “Buy” rating by the brokerage. The new PT (price target) issued by Deutsche Bank Aktiengesellschaft suggests a 43.26% upside since the company’s previous close.
UBER stocks traded at $1.99 this Wednesday. The company’s current market capitalization stands at $106.336 billion. It has a negative PE ratio of 14.38 along with a beta of 1.60 at the moment. The current ratio is 1.36, the quick ratio is 1.36 and the debt-to-equity ratio is 0.69. The 12-monthly high to low ranges from $64.05 to $13.71. The 50SMA (Simple Moving Average) stands at $55.93 and its 200SMA stands at $46.47.
Uber Technologies’ Stock Analysis
The quarterly earnings report for the previous fiscal quarter was released by the company on the 10th of February. The earnings stood at $0.54 EPS for that quarter as opposed to the general consensus on the estimated earnings at $0.53 propose by analysts at Thomson Reuters. The company’s estimated revenue was marked at $3.56 billion. However, it made approximately $3.17 billion during the quarter.
The company’s return on equity stands at -43.27% along with a net margin of -53.12%. According to analyst’s reports, the company is likely to announce its FY2020 EPS of -3.86.
NYSE: UBER has recently been the subject of a lot of reports by equities analysts. Some such as KeyCorp, JPMorgan& Chase, Wedbush, Mizuho, and so on have posted reports on this firm over the last few months.
Among the analysts who have posted reports on this company, four have issued a “Hold” rating. A majority of thirty analysts have given it a “Buy” rating. Therefore, the recent consensus rating stands at “Buy” and the consensus on the target price is $61.89. Several hedge funds have also been involved in buying and selling of this company’s shares recently.