TheStreet Reiterates “Buy” Rating for Yahoo! (YHOO)
Yahoo! (NASDAQ:YHOO)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Tuesday, StockRatingsNetwork reports.
The analysts wrote, “Yahoo (YHOO) has been reiterated by TheStreet Ratings as a buy with a ratings score of B-. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Shares of Yahoo! (NASDAQ:YHOO) traded down 1.07% during mid-day trading on Tuesday, hitting $39.58. The stock had a trading volume of 6,467,075 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 $39.79 and its 200-day moving average is $32.85. The company has a market cap of $40.152 billion and a price-to-earnings ratio of 34.52.
Several other analysts have also recently commented on the stock. Analysts at Nomura initiated coverage on shares of Yahoo! in a research note to investors on Wednesday, January 15th. They set a “neutral” rating and a $40.00 price target on the stock. Separately, analysts at UBS AG upgraded shares of Yahoo! from a “fair value” rating to a “buy” rating in a research note to investors on Tuesday, January 14th. Finally, analysts at FBN Securities initiated coverage on shares of Yahoo! in a research note to investors on Tuesday, January 14th. They set an “outperform” rating on the stock. Twenty equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $34.45.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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