Tigress Financial Boosts T-Mobile US (NASDAQ:TMUS) Price Target to $290.00

T-Mobile US (NASDAQ:TMUS) had its price objective raised by investment analysts at Tigress Financial from $280.00 to $290.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. Tigress Financial’s target price indicates a potential upside of 18.50% from the company’s current price.

Several other equities research analysts have also commented on TMUS. Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Citigroup increased their price target on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a report on Monday, October 21st. The Goldman Sachs Group increased their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays increased their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their price target on T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $251.79.

T-Mobile US Price Performance

TMUS traded up $2.29 on Thursday, reaching $244.72. The stock had a trading volume of 410,655 shares, compared to its average volume of 3,756,661. T-Mobile US has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The firm has a 50-day moving average of $225.95 and a 200-day moving average of $214.72. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $283.99 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.38 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, sell-side analysts anticipate that T-Mobile US will post 10.18 EPS for the current year.

Insider Activity

In other news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the transaction, the director now directly owns 4,021 shares in the company, valued at approximately $989,166. This represents a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares of the company’s stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,100 shares of company stock worth $5,501,978. 0.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

Hedge funds and other institutional investors have recently modified their holdings of the company. DT Investment Partners LLC boosted its holdings in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares in the last quarter. Dunhill Financial LLC boosted its holdings in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Financial Life Planners bought a new stake in shares of T-Mobile US in the 4th quarter valued at about $29,000. MFA Wealth Advisors LLC lifted its stake in shares of T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 77 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of T-Mobile US in the 3rd quarter valued at about $34,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.