Changyou.com Ltd Stock Rating Lowered by Zacks (CYOU)
Changyou.com Ltd (NASDAQ:CYOU) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Wednesday, ARN reports. They currently have a $27.50 target price on the stock. Zacks‘ price objective would suggest a potential downside of 2.72% from the stock’s previous close.
CYOU has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. downgraded shares of Changyou.com Ltd from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $29.50 price target on the stock, down previously from $39.20. Separately, analysts at Macquarie downgraded shares of Changyou.com Ltd from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. Finally, analysts at Barclays downgraded shares of Changyou.com Ltd from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday. They now have a $32.00 price target on the stock, down previously from $44.00. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Changyou.com Ltd currently has an average rating of “Hold” and a consensus target price of $26.53.
Changyou.com Ltd (NASDAQ:CYOU) traded up 1.86% on Wednesday, hitting $28.27. The stock had a trading volume of 324,121 shares. Changyou.com Ltd has a 52 week low of $22.49 and a 52 week high of $41.64. The stock’s 50-day moving average is $34.61 and its 200-day moving average is $31.92. The company has a market cap of $1.508 billion and a P/E ratio of 4.93.
Changyou.com Ltd (NASDAQ:CYOU) last posted its quarterly earnings results 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 $4.84 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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