Facebook Rating Reiterated by TheStreet (FB)
Facebook (NASDAQ:FB)‘s stock had its “hold” rating restated by equities researchers at TheStreet in a research report issued on Wednesday, Stock Ratings News reports.
The analysts wrote, “Facebook Inc Class A (FB) has been reiterated by TheStreet Ratings as a hold with a ratings score of C-. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company’s return on equity has been disappointing.”
Shares of Facebook (NASDAQ:FB) traded up 0.02% during mid-day trading on Wednesday, hitting $58.523. 10,800,343 shares of the company’s stock traded hands. Facebook has a one year low of $22.67 and a one year high of $58.96. The stock has a 50-day moving average of $54.48 and a 200-day moving average of $45.53. The company has a market cap of $143.7 billion and a P/E ratio of 149.64.
Facebook (NASDAQ:FB) last released its earnings data on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.06. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 59.7% on a year-over-year basis. On average, analysts predict that Facebook will post $0.84 earnings per share for the current fiscal year.
In other Facebook news, CTO Michael Todd Schroepfer unloaded 25,000 shares of Facebook stock on the open market in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $57.89, for a total value of $1,447,250.00. Following the completion of the sale, the chief technology officer now directly owns 342,918 shares in the company, valued at approximately $19,851,523. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on FB. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Facebook in a research note to investors on Wednesday. They now have a $62.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Facebook from $60.00 to $63.00 in a research note to investors on Thursday, January 16th. They now have an “outperform” rating on the stock. Finally, analysts at Nomura initiated coverage on shares of Facebook in a research note to investors on Wednesday, January 15th. They set a “buy” rating and a $65.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and thirty-eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $60.79.
Facebook, Inc (NASDAQ:FB), is engaged in building products to create utility for users, developers, and advertisers.
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