BMO Capital Markets Increases Monster Worldwide Price Target to $8.00 (MWW)
Stock analysts at BMO Capital Markets raised their price objective on shares of Monster Worldwide (NYSE:MWW) from $6.00 to $8.00 in a report issued on Monday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 13.96% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Avondale Partners upgraded shares of Monster Worldwide from an “underperform” rating to a “market perform” rating in a research note to investors on Friday, December 20th. They now have a $7.00 price target on the stock, up previously from $4.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Monster Worldwide in a research note to investors on Tuesday, December 3rd. They now have a $5.75 price target on the stock. Finally, analysts at FBR & Co. initiated coverage on shares of Monster Worldwide in a research note to investors on Thursday, November 21st. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Monster Worldwide currently has a consensus rating of “Buy” and an average price target of $6.71.
Monster Worldwide (NYSE:MWW) opened at 7.02 on Monday. Monster Worldwide has a one year low of $4.02 and a one year high of $7.30. The stock’s 50-day moving average is $6.04 and its 200-day moving average is $5.08. The company’s market cap is $736.2 million.
Monster Worldwide (NYSE:MWW) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.03. The company had revenue of $196.82 million for the quarter, compared to the consensus estimate of $199.15 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down 10.9% on a year-over-year basis. Analysts expect that Monster Worldwide will post $0.31 EPS for the current fiscal year.
Monster Worldwide, Inc (NYSE:MWW) is parent company of Monster, the global online employment solution.
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