Yahoo! PT Raised to $49.00 (YHOO)
Investment analysts at Stifel Nicolaus upped their target price on shares of Yahoo! (NASDAQ:YHOO) from $40.00 to $49.00 in a note issued to investors on Friday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 23.77% from the stock’s previous close.
Shares of Yahoo! (NASDAQ:YHOO) opened at 39.59 on Friday. Yahoo! has a one year low of $18.89 and a one year high of $41.05. The stock’s 50-day moving average is $38.34 and its 200-day moving average is $31.65. The company has a market cap of $40.162 billion and a P/E ratio of 34.89. Yahoo! also was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 78,975 put options on the stock. This is an increase of 293% compared to the typical daily volume of 20,074 put options.
Yahoo! (NASDAQ:YHOO) last released its earnings data 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 previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis.
A number of other firms have also recently commented on YHOO. Analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Tuesday. Finally, analysts at Citigroup Inc. raised their price target on shares of Yahoo! from $39.00 to $46.00 in a research note to investors on Tuesday, December 17th. Nineteen equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $33.87.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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