Headlines about Uber Technologies (NYSE:UBER) have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Uber Technologies earned a media sentiment score of 0.69 on their scale. InfoTrie also assigned news coverage about the ride-sharing company an news buzz score of 4 out of 10, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Uber Technologies’ ranking:
- Uber sues Chicago suburb of Skokie over new ride-hailing tax (marketbeat.com)
- The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of MO, MYGN, UBER and TEUM (marketwatch.com)
- Lyft’s ‘Beacon of Hope’ Quarter Can’t Lift Sinking Sentiment (finance.yahoo.com)
- Uber pulls $40 million Colombia investment, citing regulatory uncertainty (investing.com)
- Uber Sues Skokie Over ‘Arbitrary Tax’ On Rides Using Its App (patch.com)
UBER traded down $2.36 on Thursday, hitting $31.39. 13,243,206 shares of the company were exchanged, compared to its average volume of 8,765,886. Uber Technologies has a twelve month low of $28.31 and a twelve month high of $47.08. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.57 and a quick ratio of 2.57. The business has a 50-day moving average price of $31.75.
Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($3.33) by ($1.39). The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period last year, the firm earned ($2.01) earnings per share. Uber Technologies’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, research analysts anticipate that Uber Technologies will post -7.07 earnings per share for the current year.
A number of equities research analysts have recently weighed in on UBER shares. Bank of America set a $53.00 price objective on Uber Technologies and gave the company a “buy” rating in a research note on Thursday, October 10th. Macquarie set a $51.00 price objective on Uber Technologies and gave the company a “buy” rating in a research note on Monday, September 30th. SunTrust Banks reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Uber Technologies in a research note on Tuesday. Evercore ISI set a $60.00 price objective on Uber Technologies and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, Morgan Stanley dropped their price objective on Uber Technologies from $57.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $51.24.
Uber Technologies Company Profile
Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.
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