Sohu.com Upgraded to “Overweight” at HSBC (SOHU)
Sohu.com (NASDAQ:SOHU) was upgraded by stock analysts at HSBC from a “neutral” rating to an “overweight” rating in a report issued on Friday, AnalystRatings.NET reports.
A number of other firms have also recently commented on SOHU. Analysts at Zacks upgraded shares of Sohu.com from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 19th. They now have a $78.00 price target on the stock. Separately, analysts at BNP Paribas initiated coverage on shares of Sohu.com in a research note on Wednesday, March 12th. They set a “hold” rating on the stock. Finally, analysts at Goldman Sachs downgraded shares of Sohu.com from a “buy” rating to a “neutral” rating in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $69.77.
Sohu.com (NASDAQ:SOHU) traded up 3.42% during mid-day trading on Friday, hitting $58.0299. The stock had a trading volume of 250,401 shares. Sohu.com has a one year low of $50.42 and a one year high of $87.68. The stock’s 50-day moving average is $64.07 and its 200-day moving average is $70.04. The company’s market cap is $2.229 billion.
Sohu.com (NASDAQ:SOHU) last announced its earnings results on Monday, April 28th. The company reported ($1.26) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($1.23) by $0.03. The company had revenue of $365.00 million for the quarter, compared to the consensus estimate of $365.92 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. Analysts expect that Sohu.com will post $-3.72 EPS for the current fiscal year.
Sohu.com Inc (NASDAQ:SOHU) is a Chinese online media, search, gaming, community and mobile service group.
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