Groupon Upgraded by Thomson Reuters/Verus to “Buy” (GRPN)
Groupon (NASDAQ:GRPN) was upgraded by Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a research note issued on Monday, Analyst RN reports.
Groupon (NASDAQ:GRPN) traded down 0.56% during mid-day trading on Monday, hitting $10.59. The stock had a trading volume of 11,920,523 shares. Groupon has a one year low of $2.60 and a one year high of $12.76. The stock has a 50-day moving average of $11.26 and a 200-day moving average of $8.64. The company’s market cap is $7.048 billion.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02. The company had revenue of $608.70 million for the quarter, compared to the consensus estimate of $606.23 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Groupon will post $0.12 earnings per share for the current fiscal year.
A number of other firms have also recently commented on GRPN. Analysts at Barrington Research upgraded shares of Groupon from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, October 7th. Separately, analysts at Stifel Nicolaus upgraded shares of Groupon from a “hold” rating to a “buy” rating in a research note to investors on Thursday, September 19th. They now have a $16.00 price target on the stock, down previously from $84.00. Finally, analysts at Morgan Stanley upgraded shares of Groupon from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, September 5th. They now have a $14.00 price target on the stock, up previously from $11.00. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $9.84.
Groupon, Inc offers online retail services. The Company provides daily deal on the stuff to do, eat, see and buy in more than 500 markets in 44 countries.
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