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Wednesday, October 4, 2023

UBS Group AG (NYSE:UBS) is Gaining Momentum on Earnings Catalyst

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UBS Group AG (UBS) shares are trading at lower $14.62 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $14.88.

To add more color to this target, the company’s high over the last year is $14.78 and the low is $7.25. Over the last 52 weeks, UBS is up 23.58% while the S&P 500 is up 15.47%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, UBS reported a profit of $1.52 billion. UBS Group AG also saw revenues increase to $2.43 billion. In addition, UBS has free cash flow of $32.18 billion as of 09-2020.

UBS booked profit margins of 50.80%, its Return on Equity (ROE) is 9.90%, and its Return on Assets is 0.50%. All told, it is clear that, UBS needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. UBS has a short ratio of 3.99 and outstanding shares of 3.59B.

Company Outlook

UBS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 3.11 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.52. Investors should also keep an eye on sector updates as UBS has historically followed its peers on positive news.

All told, UBS Group AG UBS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, UBS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

UBS Group AG UBS is now commanding a market cap of 56.27B and a float of 3.30B. UBS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of UBS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in UBS, either long or short, and we have not been compensated for this article.

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