Yahoo!’s Buy Rating Reaffirmed at TheStreet (YHOO)
Yahoo! (NASDAQ:YHOO)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Tuesday, American Banking and Market News reports.
The analysts wrote, “Yahoo (YHOO) has been reiterated by TheStreet Ratings as a buy with a ratings score of B-. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
A number of other analysts have also recently weighed in on YHOO. Analysts at Stifel Nicolaus raised their price target on shares of Yahoo! from $33.00 to $41.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Thomson Reuters/Verus upgraded shares of Yahoo! from a “hold” rating to a “buy” rating in a research note to investors on Monday. Finally, analysts at Pivotal Research reiterated a “hold” rating on shares of Yahoo! in a research note to investors on Thursday, October 3rd. They now have a $30.00 price target on the stock. Twenty-one research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.07.
Shares of Yahoo! (NASDAQ:YHOO) traded down 4.69% on Tuesday, hitting $32.54. The stock had a trading volume of 24,935,072 shares. Yahoo! has a 52-week low of $15.65 and a 52-week high of $35.06. The stock’s 50-day moving average is $29.94 and its 200-day moving average is $26.96. The company has a market cap of $33.201 billion and a P/E ratio of 9.40.
Yahoo! (NASDAQ:YHOO) last posted its quarterly 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.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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