Shutterfly Coverage Initiated at RBC Capital (SFLY)
RBC Capital assumed coverage on shares of Shutterfly (NASDAQ:SFLY) in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $64.00 price target on the stock. RBC Capital’s target price would suggest a potential upside of 45.95% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James raised their price target on shares of Shutterfly from $57.00 to $60.00 in a research note to investors on Wednesday, October 30th. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Shutterfly from $58.00 to $53.00 in a research note to investors on Wednesday, October 30th. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Shutterfly in a research note to investors on Wednesday, October 30th. They now have a $55.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $55.17.
Shutterfly (NASDAQ:SFLY) traded down 5.54% during mid-day trading on Monday, hitting $43.85. 2,174,459 shares of the company’s stock traded hands. Shutterfly has a 52 week low of $32.03 and a 52 week high of $59.93. The stock has a 50-day moving average of $48.12 and a 200-day moving average of $52.72. The company has a market cap of $1.668 billion and a price-to-earnings ratio of 97.32.
Shutterfly (NASDAQ:SFLY) last released its earnings data on Tuesday, October 29th. The company reported ($0.27) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.61) by $0.34. The company had revenue of $122.70 million for the quarter, compared to the consensus estimate of $117.95 million. During the same quarter in the previous year, the company posted ($0.29) earnings per share. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, analysts predict that Shutterfly will post $0.21 earnings per share for the current fiscal year.
Shutterfly, Inc is an Internet-based social expression and personal publishing service that enables consumers to share, print and preserve their memories its technology, manufacturing, Web-design and merchandising capabilities.
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