Qihoo 360 Technology Co Receives Average Recommendation of “Buy” from Analysts (NASDAQ:QIHU)
Qihoo 360 Technology Co (NASDAQ:QIHU) has earned an average recommendation of “Buy” from the eighteen ratings firms that are currently covering the company, AnalystRatings.Net reports. Two investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $113.57.
A number of analysts have recently weighed in on QIHU shares. Analysts at Zacks upgraded shares of Qihoo 360 Technology Co from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 25th. They now have a $122.50 price target on the stock. Separately, analysts at Credit Suisse upgraded shares of Qihoo 360 Technology Co from a “neutral” rating to an “outperform” rating in a research note on Thursday, March 13th. Finally, analysts at Nomura reiterated a “buy” rating on shares of Qihoo 360 Technology Co in a research note on Monday, March 10th. They now have a $146.00 price target on the stock, up previously from $130.00.
Qihoo 360 Technology Co (NASDAQ:QIHU) traded down 1.45% during mid-day trading on Wednesday, hitting $90.24. 489,208 shares of the company’s stock traded hands. Qihoo 360 Technology Co has a 52-week low of $30.46 and a 52-week high of $124.42. The stock has a 50-day moving average of $103.9 and a 200-day moving average of $91.41. The company has a market cap of $11.009 billion and a price-to-earnings ratio of 117.40.
Qihoo 360 Technology Co (NASDAQ:QIHU) last announced its earnings results on Thursday, March 6th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.27. The company had revenue of $221.60 million for the quarter, compared to the consensus estimate of $209.73 million. During the same quarter last year, the company posted $0.22 earnings per share. Qihoo 360 Technology Co’s revenue was up 115.3% compared to the same quarter last year. On average, analysts predict that Qihoo 360 Technology Co will post $2.48 earnings per share for the current fiscal year.
Qihoo 360 Technology Co Ltd (NASDAQ:QIHU), formerly Qihoo Technology Company Limited, is engaged in the operations of Internet services and sales of third party anti-virus software in the People’s Republic of China.
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.