Keefe, Bruyette & Woods Upgrades UBS AG (UBS) to “Outperform”
UBS AG (NYSE:UBS) was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Thursday.
Several other research analysts have also recently issued reports on the company. Royal Bank Of Canada upgraded UBS AG from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, October 5th. Zacks Investment Research cut UBS AG from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Barclays PLC restated a “buy” rating on shares of UBS AG in a research note on Sunday, September 11th. BNP Paribas restated a “sell” rating on shares of UBS AG in a research note on Monday, September 12th. Finally, Credit Suisse Group AG started coverage on UBS AG in a research note on Monday, September 19th. They issued a “neutral” rating for the company. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. UBS AG currently has an average rating of “Hold” and an average target price of $15.73.
UBS AG (NYSE:UBS) opened at 15.81 on Thursday. The firm has a 50-day moving average price of $13.87 and a 200 day moving average price of $14.17. The company has a market capitalization of $58.64 billion, a P/E ratio of 16.86 and a beta of 1.27. UBS AG has a 1-year low of $11.93 and a 1-year high of $19.94.
A number of hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of UBS AG during the third quarter valued at approximately $114,000. IFP Advisors Inc raised its stake in shares of UBS AG by 44.1% in the second quarter. IFP Advisors Inc now owns 8,494 shares of the company’s stock valued at $110,000 after buying an additional 2,598 shares during the last quarter. First Interstate Bank raised its stake in shares of UBS AG by 160.2% in the second quarter. First Interstate Bank now owns 9,250 shares of the company’s stock worth $119,000 after buying an additional 5,695 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of UBS AG during the second quarter worth about $134,000. Finally, Rehmann Capital Advisory Group purchased a new stake in shares of UBS AG during the second quarter worth about $135,000. 27.07% of the stock is currently owned by institutional investors.
UBS AG Company Profile
UBS Group AG (UBS) is a holding company. The Company provides a range of financial services, including advisory services, underwriting, financing, market-making, asset management and brokerage on a global level, and retail banking in Switzerland. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank.
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