UBS AG boosted their price objective on shares of Facebook (NASDAQ:FB) to $45.00 in a research note issued on Friday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective would indicate a potential upside of 16.76% from the stock’s previous close.
Shares of Facebook (NASDAQ:FB) traded up 0.15% during mid-day trading on Friday, hitting $38.597. Facebook has a 52 week low of $17.55 and a 52 week high of $39.32. The stock’s 50-day moving average is currently $28.72. The company has a market cap of $93.996 billion and a P/E ratio of 174.39.
Facebook (NASDAQ:FB) last released its earnings data on Wednesday, July 24th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 53.1% on a year-over-year basis. On average, analysts predict that Facebook will post $0.71 earnings per share for the current fiscal year.
Eleven research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $38.31.
In other Facebook news, VP Colin Stretch sold 2,287 shares of Facebook stock in a transaction that occured on Tuesday, August 6th. The shares were sold at an average price of $39.10, for a total value of $89,421.70. Following the sale, the vice president now directly owns 118,832 shares in the company. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Facebook, Inc (NASDAQ:FB), is engaged in building products to create utility for users, developers, and advertisers.