Changyou.com Ltd Reaches New 12-Month High at $41.64 (CYOU)
Changyou.com Ltd (NASDAQ:CYOU)’s share price reached a new 52-week high during trading hours on Friday, Analyst Ratings Network.com reports. The company traded as high as $41.64 and last traded at $40.31, with a volume of 704,205 shares traded. The stock had previously closed at $37.43.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Changyou.com Ltd (NASDAQ:CYOU) 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 Changyou.com Ltd (NASDAQ:CYOU) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. They now have a $39.00 price target on the stock. Finally, analysts at Bank of America Corp. downgraded shares of Changyou.com Ltd (NASDAQ:CYOU) from a “buy” rating to a “neutral” rating in a research note to investors on Monday, July 29th. They now have a $1.73 price target on the stock, up previously from $1.41. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $23.93.
Changyou.com Ltd has a 1-year low of $22.49 and a 1-year high of $41.60. The stock has a 50-day moving average of $31.2 and a 200-day moving average of $30.90. The company has a market cap of $2.133 billion and a P/E ratio of 6.65.
Changyou.com Ltd (NASDAQ:CYOU) last released its earnings data on Monday, July 29th. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.37 by $0.04. The company had revenue of $182.40 million for the quarter, compared to the consensus estimate of $183.35 million. During the same quarter in the prior year, the company posted $1.35 earnings per share. The company’s quarterly revenue was up 23.8% on a year-over-year basis. On average, analysts predict that Changyou.com Ltd will post $5.66 earnings per share for the current fiscal year.
Changyou.com Limited (NASDAQ:CYOU) is online game developer and operator in the People’s Republic of China.
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