TheStreet Upgrades Sohu.Com to “Buy” (SOHU)
Sohu.Com (NASDAQ:SOHU) was upgraded by research analysts at TheStreet from a “hold” rating to a “buy” rating in a report released on Wednesday, AnalystRatingsNetwork reports.
The analysts wrote, “Sohu.com (SOHU) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
SOHU has been the subject of a number of other recent research reports. Analysts at Credit Suisse initiated coverage on shares of Sohu.Com (NASDAQ:SOHU) in a research note to investors on Thursday, September 26th. They set an “outperform” rating on the stock. Separately, analysts at Zacks downgraded shares of Sohu.Com (NASDAQ:SOHU) from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, September 25th. They now have a $66.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Sohu.Com (NASDAQ:SOHU) in a research note to investors on Tuesday, September 17th. They now have a $74.00 price target on the stock, up previously from $54.00. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $59.86.
Shares of Sohu.Com (NASDAQ:SOHU) traded up 0.90% on Wednesday, hitting $80.01. 1,161,549 shares of the company’s stock traded hands. Sohu.Com has a 52-week low of $34.84 and a 52-week high of $79.98. The stock has a 50-day moving average of $66.91 and a 200-day moving average of $60.75. The company has a market cap of $3.063 billion and a price-to-earnings ratio of 33.26.
Sohu.Com (NASDAQ:SOHU) last issued its quarterly earnings data 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 previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 32.5% on a year-over-year basis. Analysts expect that Sohu.Com will post $2.21 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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