Yahoo! PT Raised to $44.00 at UBS AG (YHOO)
UBS AG boosted their target price on shares of Yahoo! (NASDAQ:YHOO) to $44.00 in a research note issued on Friday, Analyst Ratings Net reports. The firm currently has a “hold” rating on the stock. UBS AG’s target price would indicate a potential upside of 11.14% from the stock’s previous close. The analysts noted that the move was a valuation call.
YHOO has been the subject of a number of other recent research reports. 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. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Tuesday. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Wednesday, December 18th. Twenty-one equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $34.00.
Yahoo! (NASDAQ:YHOO) traded up 1.26% during mid-day trading on Friday, hitting $40.09. The stock had a trading volume of 8,785,812 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 $40.669 billion and a price-to-earnings ratio of 34.16. Yahoo! also was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 78,975 put options on the stock. This is an increase of approximately 293% compared to the typical volume of 20,074 put options.
Yahoo! (NASDAQ:YHOO) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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