Yahoo! Given New $44.00 Price Target at Bank of America Corp. (YHOO)
Equities research analysts at Bank of America Corp. boosted their price objective on shares of Yahoo! (NASDAQ:YHOO) to $44.00 in a research note issued to investors on Friday, Stock Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Bank of America Corp.’s target price points to a potential upside of 11.14% from the stock’s previous close. The analysts noted that the move was a valuation call.
Yahoo! (NASDAQ:YHOO) traded up 1.24% during mid-day trading on Friday, hitting $40.08. The stock had a trading volume of 8,784,158 shares. Yahoo! has a 52 week low of $18.89 and a 52 week high of $41.05. The stock has a 50-day moving average of $38.34 and a 200-day moving average of $31.65. The company has a market cap of $40.659 billion and a price-to-earnings ratio of 34.16. Yahoo! also was the target of some unusual options trading activity on Tuesday. Investors bought 78,975 put options on the company. This is an increase of 293% compared to the typical volume of 20,074 put options.
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.
A number of other firms have also recently commented on YHOO. Analysts at UBS AG raised their price target on shares of Yahoo! to $44.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Stifel Nicolaus raised their price target on shares of Yahoo! from $40.00 to $49.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Tuesday. Twenty-one research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Yahoo! presently has a consensus rating of “Hold” and an average price target of $34.00.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.