Yahoo! Price Target Increased to $34.00 by Analysts at SunTrust (YHOO)
Analysts at SunTrust boosted their price target on shares of Yahoo! (NASDAQ:YHOO) from $31.00 to $34.00 in a research report issued to clients and investors on Monday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. SunTrust’s price objective indicates a potential upside of 2.50% from the stock’s previous close.
Shares of Yahoo! (NASDAQ:YHOO) traded down 1.13% on Monday, hitting $33.17. The stock had a trading volume of 30,041,088 shares. Yahoo! has a 52-week low of $15.65 and a 52-week high of $33.85. The stock’s 50-day moving average is $28.86 and its 200-day moving average is $26.38. The company has a market cap of $33.844 billion and a price-to-earnings ratio of 9.24. Yahoo! also was the recipient of some unusual options trading activity on Friday. Stock traders bought 77,781 call options on the stock. This represents an increase of 180% compared to the average daily volume of 27,786 call options.
Yahoo! (NASDAQ:YHOO) last announced its earnings results on Tuesday, July 16th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.27 earnings per share. Yahoo!’s revenue was down .9% compared to the same quarter last year. Analysts expect that Yahoo! will post $1.47 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on YHOO. Analysts at Citigroup Inc. raised their price target on shares of Yahoo! (NASDAQ:YHOO) from $31.00 to $39.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Yahoo! (NASDAQ:YHOO) in a research note to investors on Monday. They now have a $38.00 price target on the stock, up previously from $29.00. Finally, analysts at UBS AG set a $37.00 price target on shares of Yahoo! (NASDAQ:YHOO) in a research note to investors on Friday. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Twenty-two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $29.38.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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