Zillow Upgraded by Zacks to “Outperform” (Z)
Zillow (NYSE:Z) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday, Stock Ratings News reports. The firm currently has a $101.50 price target on the stock. Zacks‘ price target would suggest a potential upside of 25.31% from the stock’s previous close.
A number of other analysts have also recently weighed in on Z. Analysts at CRT Capital initiated coverage on shares of Zillow in a research note to investors on Thursday, September 19th. They set a “fair value” rating on the stock. Separately, analysts at Barclays Capital initiated coverage on shares of Zillow in a research note to investors on Friday, September 6th. They set an “overweight” rating on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Zillow in a research note to investors on Friday, September 6th. They set a “hold” rating and a $83.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $80.28.
Shares of Zillow (NYSE:Z) traded down 3.41% during mid-day trading on Tuesday, hitting $78.24. 1,633,647 shares of the company’s stock traded hands. Zillow has a one year low of $23.00 and a one year high of $103.00. The stock’s 50-day moving average is $91.11 and its 200-day moving average is $69.23. The company’s market cap is $2.730 billion.
Zillow (NYSE:Z) last announced its earnings results on Tuesday, August 6th. The company reported ($0.30) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.11) by $0.19. The company had revenue of $46.90 million for the quarter, compared to the consensus estimate of $44.42 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 68.7% on a year-over-year basis. On average, analysts predict that Zillow will post $-0.02 earnings per share for the current fiscal year.
Zillow, Inc (NYSE:Z) is a real estate and home-related information marketplaces.
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