Yahoo! Given New $39.00 Price Target at Evercore Partners (YHOO)
Evercore Partners cut their price objective on shares of Yahoo! (NASDAQ:YHOO) from $40.00 to $39.00 in a research note issued on Wednesday, American Banking & Market News reports. Evercore Partners’ price objective indicates a potential upside of 2.04% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Yahoo! to $48.00 in a research note to investors on Monday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Tuesday, January 21st. Finally, 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. Nineteen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $34.94.
In other Yahoo! news, General Counsel Ronald Bell sold 11,500 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $39.85, for a total value of $458,275.00. Following the transaction, the general counsel now directly owns 404,308 shares of the company’s stock, valued at approximately $16,111,674. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Yahoo! (NASDAQ:YHOO) last released its earnings data on Monday, January 27th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.08. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.