Sohu.Com Given “Hold” Rating at Deutsche Bank (SOHU)
Sohu.Com (NASDAQ:SOHU)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a report issued on Tuesday, AnalystRatings.Net reports. They currently have a $74.00 price objective on the stock, up from their previous price objective of $54.00. Deutsche Bank’s price objective would suggest a potential upside of 6.31% from the company’s current price.
The analysts wrote, “Sohu has announced that Tencent will acquire up to 40% equity interest in its search subsidiary, Sogou, while Sohu will retain its controlling shareholder status and voting rights in Sogou. We expect 1) Sogou, consolidated with Tencent’s search arm Soso, to experience reaccelerated traffic growth and improving market presence in both PC and mobile, and to gain further market share against BIDU and QIHU, 2) enhanced competitive advantage for other Sogou portfolio products, thanks to traffic from Tencent, and 3) a special cash dividend from the pro-rata cash injection to Sohu. Hold on balanced risk/reward.”
A number of other firms have also recently commented on SOHU. Analysts at Goldman Sachs Group Inc. upgraded shares of Sohu.Com (NASDAQ:SOHU) from a “neutral” rating to a “conviction-buy” rating in a research note to investors on Tuesday. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Sohu.Com (NASDAQ:SOHU) from an “overweight” rating to a “neutral” rating in a research note to investors on Friday, August 30th. They now have a $66.00 price target on the stock, up previously from $56.00. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Sohu.Com (NASDAQ:SOHU) in a research note to investors on Wednesday, July 31st. They now have a $60.00 price target on the stock, up previously from $49.00.
Eight investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $59.71.
Sohu.Com (NASDAQ:SOHU) traded down 1.47% during mid-day trading on Tuesday, hitting $68.59. 4,180,759 shares of the company’s stock traded hands. Sohu.Com has a 1-year low of $34.84 and a 1-year high of $70.63. The stock has a 50-day moving average of $63.11 and a 200-day moving average of $58.40. The company has a market cap of $2.625 billion and a price-to-earnings ratio of 29.20.
Sohu.Com (NASDAQ:SOHU) last announced its earnings results on Monday, July 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.09. The company had revenue of $339.00 million for the quarter, compared to the consensus estimate of $340.27 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 32.5% on a year-over-year basis. Analysts expect that Sohu.Com will post $2.24 EPS for the current fiscal year.
Sohu.com Inc (NASDAQ:SOHU) is a Chinese online media, search, gaming, community and mobile service group.
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