Facebook PT Raised to $52.00 at RBC Capital (FB)
Equities researchers at RBC Capital hoisted their price target on shares of Facebook (NASDAQ:FB) from $40.00 to $52.00 in a research report issued on Friday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would suggest a potential upside of 16.20% from the stock’s previous close.
Shares of Facebook (NASDAQ:FB) traded down 0.98% on Friday, hitting $44.31. The stock had a trading volume of 52,731,708 shares. Facebook has a 1-year low of $18.80 and a 1-year high of $45.62. The stock’s 50-day moving average is $39.38 and its 200-day moving average is $29.27. The company has a market cap of $107.9 billion and a P/E ratio of 202.49.
Facebook (NASDAQ:FB) last released its earnings data on Wednesday, July 24th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 53.1% on a year-over-year basis. On average, analysts predict that Facebook will post $0.72 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Facebook (NASDAQ:FB) from $37.00 to $50.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Facebook (NASDAQ:FB) in a research note to investors on Thursday. They now have a $53.00 price target on the stock, up previously from $44.00. Finally, analysts at Wells Fargo & Co. raised their price target on shares of Facebook (NASDAQ:FB) to $53.00 in a research note to investors on Thursday.
Eleven analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Facebook currently has a consensus rating of “Buy” and a consensus price target of $42.56.
In other Facebook news, VP David B. Fischer sold 24,000 shares of the stock on the open market in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $43.82, for a total transaction of $1,051,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Facebook, Inc (NASDAQ:FB), is engaged in building products to create utility for users, developers, and advertisers.
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