Evercore Partners Reiterates Equal Weight Rating for Yahoo! (YHOO)
Yahoo! (NASDAQ:YHOO)‘s stock had its “equal weight” rating restated by Evercore Partners in a research note issued on Wednesday, American Banking & Market News reports. They currently have a $33.00 target price on the stock, up from their previous target price of $30.00. Evercore Partners’ target price suggests a potential downside of 1.14% from the stock’s previous close.
Yahoo! (NASDAQ:YHOO) opened at 33.38 on Wednesday. Yahoo! has a one year low of $15.74 and a one year high of $35.06. The stock’s 50-day moving average is $30.99 and its 200-day moving average is $27.37. The company has a market cap of $34.058 billion and a P/E ratio of 9.19. Yahoo! also was the target of unusually large options trading on Tuesday. Traders bought 132,889 call options on the stock. This represents an increase of approximately 186% compared to the average daily volume of 46,498 call options.
Yahoo! (NASDAQ:YHOO) last released its earnings data on Tuesday, October 15th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.01. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts predict that Yahoo! will post $1.47 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at B. Riley raised their price target on shares of Yahoo! from $32.00 to $39.00 in a research note to investors on Wednesday, October 9th. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Yahoo! to $39.00 in a research note to investors on Tuesday, October 8th. They now have a “buy” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Tuesday, October 8th. Twenty-one research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Yahoo! presently has a consensus rating of “Hold” and an average price target of $30.41.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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