UBS AG Rating Increased to Buy at Rafferty Capital Markets (UBS)

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UBS AG (NYSE:UBS) was upgraded by analysts at Rafferty Capital Markets from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.

A number of other analysts have also recently weighed in on UBS. Analysts at Zacks reiterated an “underperform” rating on shares of UBS AG in a research note on Thursday, April 10th. They now have a $19.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of UBS AG in a research note on Tuesday, February 18th. They set a “hold” rating on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of UBS AG in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $31.75.

Shares of UBS AG (NYSE:UBS) traded down 0.29% on Tuesday, hitting $20.94. The stock had a trading volume of 614,068 shares. UBS AG has a 52-week low of $16.48 and a 52-week high of $21.61. The stock’s 50-day moving average is $20.53 and its 200-day moving average is $19.94. The company has a market cap of $78.911 billion and a price-to-earnings ratio of 21.90.

UBS AG (NYSE:UBS) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.06. The company had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter last year, the company posted $0.26 earnings per share. UBS AG’s revenue was down 7.2% compared to the same quarter last year. Analysts expect that UBS AG will post $1.22 EPS for the current fiscal year.

UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis.

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