Yahoo! Rating Reiterated by Zacks (YHOO)
Yahoo! (NASDAQ:YHOO)‘s stock had its “neutral” rating restated by Zacks in a report issued on Tuesday. They currently have a $37.00 price target on the stock. Zacks‘s price target points to a potential upside of 5.65% from the company’s current price.
Zacks’ analyst wrote, “Yahoo! Inc. is one of the leading providers of web-based services and advertisements. First-quarter earnings surpassed the Zacks Consensus Estimate driven by strength in the core business. Despite the uncertainty surrounding the search and the display business, we are encouraged by the company’s focus on product upgrades, acquisitions and growth initiatives that are improving engagement on Yahoo properties. Alibaba holdings will also generate cash that could keep the shares buoyant. However, the sluggish core business and the persistent pressure on prices continue to weigh on investor sentiments. We therefore have a Neutral rating on the shares.”
A number of other firms have also recently commented on YHOO. Analysts at ING Group reiterated an “outperform” rating on shares of Yahoo! in a research note on Friday. They now have a $45.00 price target on the stock, down previously from $47.00. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $39.63.
Shares of Yahoo! (NASDAQ:YHOO) traded down 0.31% during mid-day trading on Tuesday, hitting $34.91. The stock had a trading volume of 6,971,897 shares. 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 $34.79 and its 200-day moving average is $37.02. The company has a market cap of $35.148 billion and a price-to-earnings ratio of 29.21.
Yahoo! (NASDAQ:YHOO) last released its earnings data on Tuesday, April 15th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts expect that Yahoo! will post $1.64 EPS for the current fiscal year.
In other Yahoo! news, CEO Marissa Mayer sold 36,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,524,179 shares in the company, valued at approximately $85,292,008. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Yahoo! Inc (NASDAQ:YHOO) is a global technology company.
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