Changyou.com Ltd Rating Lowered to Equal Weight at Barclays (CYOU)
Changyou.com Ltd (NASDAQ:CYOU) was downgraded by Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Tuesday, StockRatingsNetwork.com reports. They currently have a $32.00 target price on the stock, down from their previous target price of $44.00. Barclays’ target price points to a potential upside of 12.28% from the company’s current price.
CYOU has been the subject of a number of other recent research reports. Analysts at Brean Capital downgraded shares of Changyou.com Ltd from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Changyou.com Ltd in a research note to investors on Monday. They now have a $40.00 price target on the stock, down previously from $44.00. Finally, analysts at Credit Suisse initiated coverage on shares of Changyou.com Ltd in a research note to investors on Thursday, September 26th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.96.
Shares of Changyou.com Ltd (NASDAQ:CYOU) traded down 0.49% on Tuesday, hitting $28.36. The stock had a trading volume of 339,186 shares. Changyou.com Ltd has a 1-year low of $22.24 and a 1-year high of $41.60. The stock has a 50-day moving average of $30.61 and a 200-day moving average of $30.48. The company has a market cap of $1.512 billion and a P/E ratio of 5.07.
Changyou.com Ltd (NASDAQ:CYOU) last released its earnings data on Monday, October 28th. The company reported $1.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.35 by $0.01. The company had revenue of $183.10 million for the quarter, compared to the consensus estimate of $183.40 million. During the same quarter last year, the company posted $1.42 earnings per share. Changyou.com Ltd’s revenue was up 10.4% compared to the same quarter last year. On average, analysts predict that Changyou.com Ltd will post $5.65 earnings per share for the current fiscal year.
Changyou.com Limited (NASDAQ:CYOU) is online game developer and operator in the People’s Republic of China.
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