Deutsche Bank Increases AOL Price Target to $50.00 (AOL)
Equities researchers at Deutsche Bank upped their price target on shares of AOL (NYSE:AOL) from $49.00 to $50.00 in a research report issued on Friday, American Banking News.com reports. Deutsche Bank’s target price indicates a potential upside of 5.75% from the stock’s previous close.
AOL (NYSE:AOL) opened at 47.28 on Friday. AOL has a 52 week low of $32.19 and a 52 week high of $53.28. The stock’s 50-day moving average is $46.80 and its 200-day moving average is $40.00. The company has a market cap of $3.710 billion and a P/E ratio of 42.90.
AOL (NYSE:AOL) last released its earnings data 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. On average, analysts predict that AOL will post $2.40 earnings per share for the current fiscal year.
A number of other firms have also recently commented on AOL. Analysts at SunTrust raised their price target on shares of AOL from $38.00 to $45.00 in a research note to investors on Friday. Separately, 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. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and nine 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 $49.53.
AOL Inc (NYSE:AOL) is a global Web services company with a range of brands and offerings and a global audience.
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.