Monster Worldwide Inc. Sets New 1-Year High at $7.50 (MWW)
Monster Worldwide (NYSE:MWW)’s share price reached a new 52-week high during trading on Thursday, Stock Ratings Network reports. The stock traded as high as $7.50 and last traded at $7.28, with a volume of 5,823,534 shares traded. The stock had previously closed at $5.89.
MWW has been the subject of a number of recent research reports. Analysts at S&P Equity Research downgraded shares of Monster Worldwide to a “sell” rating in a research note to investors on Thursday, January 16th. Separately, analysts at BMO Capital Markets raised their price target on shares of Monster Worldwide from $6.00 to $8.00 in a research note to investors on Monday, January 6th. They now have an “outperform” rating on the stock. Finally, analysts at Avondale Partners upgraded shares of Monster Worldwide from an “underperform” rating to a “market perform” rating in a research note to investors on Friday, December 20th. They now have a $7.00 price target on the stock, up previously from $4.00. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $6.71.
Monster Worldwide has a one year low of $4.02 and a one year high of $7.30. The stock has a 50-day moving average of $6.60 and a 200-day moving average of $5.28. The company’s market cap is $759.3 million.
Monster Worldwide (NYSE:MWW) last announced its earnings results on Thursday, February 6th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.03. The company had revenue of $199.00 million for the quarter, compared to the consensus estimate of $195.30 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts expect that Monster Worldwide will post $0.31 EPS for the current fiscal year.
Monster Worldwide, Inc (NYSE:MWW) is parent company of Monster, the global online employment solution.
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