CRT Capital Upgrades Yahoo! to Buy (YHOO)
Yahoo! (NASDAQ:YHOO) was upgraded by equities research analysts at CRT Capital from a “fair value” rating to a “buy” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $52.00 price objective on the stock. CRT Capital’s price target would indicate a potential upside of 26.61% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of Yahoo! (NASDAQ:YHOO) traded down 0.17% on Tuesday, hitting $41.07. The stock had a trading volume of 9,496,963 shares. Yahoo! has a one year low of $19.31 and a one year high of $41.72. The stock’s 50-day moving average is $39.55 and its 200-day moving average is $32.62. The company has a market cap of $41.663 billion and a price-to-earnings ratio of 35.50.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Monday. Separately, analysts at Merrill Lynch reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Monday, January 6th. Finally, analysts at Bank of America Corp. raised their price target on shares of Yahoo! to $44.00 in a research note to investors on Friday, January 3rd. They now have a “hold” rating on the stock. They noted that the move was a valuation call. Twenty equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $34.45.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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