In a report released today, Steve Frankel from Colliers Securities maintained a Buy rating on Universal Electronics (UEIC), with a price target of $70.00. The company’s shares closed last Thursday at $58.57.
According to TipRanks.com, Frankel is a 3-star analyst with an average return of 6.7% and a 49.3% success rate. Frankel covers the Financial sector, focusing on stocks such as Diversified Healthcare Trust, Bluerock Residential Growth, and New Senior Investment Group.
Currently, the analyst consensus on Universal Electronics is a Moderate Buy with an average price target of $72.00.
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The company has a one-year high of $65.02 and a one-year low of $33.75. Currently, Universal Electronics has an average volume of 57.48K.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UEIC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Universal Electronics, Inc. engages in the design, development, and trade of control and sensor technology solutions. It offers pre-programmed universal infrared and radio frequency remote controls; integrated circuits; and software applications for televisions, audio-video accessories, intelligent wireless security, and smart home products. The company was founded on November 21, 1986 and is headquartered in Scottsdale, CA.
