Yahoo! Receives Outperform Rating from ING (YHOO)
Yahoo! (NASDAQ:YHOO)‘s stock had its “outperform” rating reiterated by equities researchers at ING in a research report issued on Friday. They currently have a $45.00 price target on the stock, down from their previous price target of $47.00. ING’s target price would suggest a potential upside of 29.68% from the stock’s previous close.
Shares of Yahoo! (NASDAQ:YHOO) opened at 34.70 on Friday. Yahoo! has a 52-week low of $23.82 and a 52-week high of $41.72. The stock’s 50-day moving average is $34.83 and its 200-day moving average is $37.03. The company has a market cap of $34.936 billion and a P/E ratio of 28.66.
Yahoo! (NASDAQ:YHOO) last released its earnings data on Tuesday, April 15th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.01. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company posted $0.38 earnings per share. Yahoo!’s revenue was up 1.2% compared to the same quarter last year. Analysts expect that Yahoo! will post $1.65 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Nomura cut their price target on shares of Yahoo! from $43.00 to $40.00 in a research note on Wednesday, May 14th. Separately, analysts at Ned Davis Research upgraded shares of Yahoo! from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Finally, analysts at Ned Davis Research upgraded shares of Yahoo! from a “sell” rating to a “neutral” rating in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-one have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $39.67.
In other Yahoo! news, CEO Marissa Mayer sold 36,000 shares of the stock on the open market in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $33.79, for a total value of $1,216,440.00. Following the completion of the sale, the chief executive officer now directly owns 2,524,179 shares in the company, valued at approximately $85,292,008. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Yahoo! Inc (NASDAQ:YHOO) is a global technology company.
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