Yahoo! Inc. Sets New 1-Year High at $30.27 (YHOO)
Yahoo! (NASDAQ:YHOO) set a new 52-week high during mid-day trading on Thursday, AnalystRatings.Net reports. The stock traded as high as $30.27 and last traded at $29.81, with a volume of 18,097,446 shares. The stock had previously closed at $29.19.
YHOO has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! (NASDAQ:YHOO) in a research note to investors on Tuesday, September 3rd. Separately, analysts at Thomson Reuters/Verus downgraded shares of Yahoo! (NASDAQ:YHOO) from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 2nd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Yahoo! (NASDAQ:YHOO) in a research note to investors on Tuesday, August 27th. They now have a $29.00 price target on the stock.
Twenty-two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Yahoo! currently has an average rating of “Hold” and an average target price of $28.07.
Yahoo! has a 52 week low of $15.37 and a 52 week high of $29.83. The stock’s 50-day moving average is $27.82 and its 200-day moving average is $25.66. The company has a market cap of $30.222 billion and a P/E ratio of 8.04. Yahoo! also was the target of some unusual options trading on Monday. Stock traders bought 42,245 call options on the company. This is an increase of 187% compared to the average daily volume of 14,710 call options.
Yahoo! (NASDAQ:YHOO) last released its earnings data on Tuesday, July 16th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.04. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Analysts expect that Yahoo! will post $1.47 EPS for the current fiscal year.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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