Youku Tudou Inc Rating Reiterated by ING (YOKU)
Youku Tudou Inc (NASDAQ:YOKU)‘s stock had its “buy” rating reiterated by equities researchers at ING in a research report issued on Friday. They currently have a $27.00 price objective on the stock, down from their previous price objective of $36.00. ING’s price objective suggests a potential upside of 32.35% from the stock’s previous close.
A number of other firms have also recently commented on YOKU. Analysts at Brean Capital cut their price target on shares of Youku Tudou Inc from $36.00 to $27.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Maxim Group reiterated a “sell” rating on shares of Youku Tudou Inc in a research note on Thursday, May 1st. They now have a $18.00 price target on the stock, down previously from $24.00. Finally, analysts at Nomura upgraded shares of Youku Tudou Inc from a “neutral” rating to a “buy” rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $26.67.
Shares of Youku Tudou Inc (NASDAQ:YOKU) opened at 20.40 on Friday. Youku Tudou Inc has a 52-week low of $17.69 and a 52-week high of $37.74. The stock’s 50-day moving average is $23.26 and its 200-day moving average is $28.37. The company’s market cap is $3.435 billion.
Youku Tudou Inc (NASDAQ:YOKU) last posted its quarterly earnings results on Thursday, May 22nd. The company reported ($0.14) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.20) by $0.06. The company had revenue of $112.70 million for the quarter. During the same quarter last year, the company posted ($0.23) earnings per share. Youku Tudou Inc’s revenue was up 36.0% compared to the same quarter last year. Analysts expect that Youku Tudou Inc will post $-1.23 EPS for the current fiscal year.
Youku Tudou Inc (NASDAQ:YOKU), formerly Youku Inc, is an Internet television company in the People’s Republic of China.
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