AOL Price Target Increased to $45.00 by Analysts at SunTrust (AOL)
Equities researchers at SunTrust increased their price target on shares of AOL (NYSE:AOL) from $38.00 to $45.00 in a research report issued on Friday, AmericanBankingNews.com reports. SunTrust’s target price suggests a potential downside of 4.82% from the company’s current price.
Shares of AOL (NYSE:AOL) traded up 0.28% during mid-day trading on Friday, hitting $47.28. 3,326,842 shares of the company’s stock traded hands. AOL has a 1-year low of $32.19 and a 1-year high of $53.28. The stock’s 50-day moving average is $46.69 and its 200-day moving average is $39.92. The company has a market cap of $3.710 billion and a P/E ratio of 42.90.
AOL (NYSE:AOL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.46 by $0.03. The company had revenue of $679.00 million for the quarter, compared to the consensus estimate of $655.80 million. During the same quarter last year, the company posted $0.41 earnings per share. AOL’s revenue was up 13.3% compared to the same quarter last year. Analysts expect that AOL will post $2.40 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on AOL. Analysts at UBS AG raised their price target on shares of AOL from $48.00 to $54.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of AOL from $60.00 to $70.00 in a research note to investors on Friday. They now have a “not rated” rating on the stock. Finally, analysts at Credit Suisse cut their price target on shares of AOL from $56.00 to $50.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $49.48.
AOL Inc (NYSE:AOL) is a global Web services company with a range of brands and offerings and a global audience.
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