Yahoo! Price Target Raised to $40.00 at Sanford C. Bernstein (YHOO)
Investment analysts at Sanford C. Bernstein increased their price objective on shares of Yahoo! (NASDAQ:YHOO) from $30.00 to $40.00 in a note issued to investors on Wednesday, American Banking and Market News reports. The firm currently has a “market perform” rating on the stock. Sanford C. Bernstein’s target price points to a potential upside of 20.89% from the company’s current price.
Yahoo! (NASDAQ:YHOO) traded down 0.87% during mid-day trading on Wednesday, hitting $33.089. The stock had a trading volume of 44,751,044 shares. 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 $33.761 billion and a P/E ratio of 9.19. Yahoo! also was the target of unusually large options trading activity on Tuesday. Traders purchased 132,889 call options on the stock. This is an increase of 186% compared to the average daily volume of 46,498 call options.
Yahoo! (NASDAQ:YHOO) last announced its earnings results on Tuesday, October 15th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Analysts expect that Yahoo! will post $1.47 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on YHOO. Analysts at RBC Capital reiterated an “outperform” rating on shares of Yahoo! in a research note to investors on Wednesday. They now have a $32.00 price target on the stock, down previously from $38.00. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Wednesday. They now have a $40.00 price target on the stock, down previously from $41.00. Finally, analysts at Credit Agricole upgraded shares of Yahoo! from an “underperform” rating to an “outperform” rating in a research note to investors on Wednesday. Twenty analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Yahoo! presently has an average rating of “Hold” and a consensus price target of $31.48.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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