Yahoo! Inc. Reaches New 12-Month High at $34.70 (YHOO)
Yahoo! (NASDAQ:YHOO)’s share price reached a new 52-week high during mid-day trading on Wednesday, Stock Ratings Network reports. The stock traded as high as $34.70 and last traded at $34.25, with a volume of 17,282,586 shares traded. The stock had previously closed at $34.31.
YHOO has been the subject of a number of recent research reports. Analysts at SunTrust raised their price target on shares of Yahoo! (NASDAQ:YHOO) from $31.00 to $34.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, 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. Finally, analysts at Bank of America Corp. raised their price target on shares of Yahoo! (NASDAQ:YHOO) from $29.00 to $38.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Twenty-two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $29.38.
Yahoo! has a 52-week low of $15.65 and a 52-week high of $34.44. The stock’s 50-day moving average is $29.19 and its 200-day moving average is $26.61. The company has a market cap of $34.925 billion and a price-to-earnings ratio of 9.45. Yahoo! also was the recipient of unusually large options trading activity on Monday. Investors purchased 69,040 call options on the company. This is an increase of 133% compared to the average volume of 29,630 call options.
Yahoo! (NASDAQ:YHOO) last posted its quarterly earnings results 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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