Yahoo! Stock Rating Lowered by Thomson Reuters/Verus (YHOO)
Yahoo! (NASDAQ:YHOO) was downgraded by equities researchers at Thomson Reuters/Verus from a “buy” rating to a “hold” rating in a research report issued on Monday, Analyst Ratings.Net reports.
Shares of Yahoo! (NASDAQ:YHOO) traded down 0.43% during mid-day trading on Monday, hitting $32.11. The stock had a trading volume of 9,470,025 shares. Yahoo! has a one year low of $15.55 and a one year high of $30.27. The stock’s 50-day moving average is $27.90 and its 200-day moving average is $25.75. The company has a market cap of $33.449 billion and a price-to-earnings ratio of 27.83.
Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $0.34 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.35 earnings per share. Yahoo!’s revenue was down .7% compared to the same quarter last year. On average, analysts predict that Yahoo! will post $1.46 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on YHOO. Analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Sunday. Finally, analysts at BMO Capital Markets raised their price target on shares of Yahoo! from $27.00 to $32.00 in a research note to investors on Thursday, October 17th. They now have a “market perform” rating on the stock. Twenty-one equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Yahoo! currently has a consensus rating of “Hold” and a consensus price target of $31.90.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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