Yahoo! Receives Average Rating of “Buy” from Analysts (NASDAQ:YHOO)
Yahoo! (NASDAQ:YHOO) has earned a consensus rating of “Buy” from the thirty-seven analysts that are presently covering the stock, Stock Ratings News reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and twenty-one 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 $39.71.
Yahoo! (NASDAQ:YHOO) traded up 1.12% on Friday, hitting $35.33. The stock had a trading volume of 1,916,359 shares. Yahoo! has a 52-week low of $23.82 and a 52-week high of $41.72. The stock has a 50-day moving average of $34.97 and a 200-day moving average of $37.12. The company has a market cap of $35.571 billion and a P/E ratio of 29.14.
Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Yahoo! will post $1.63 earnings per share for the current fiscal year.
YHOO has been the subject of a number of recent research reports. Analysts at Bank of America reiterated a “buy” rating on shares of Yahoo! in a research note on Thursday. They now have a $42.00 price target on the stock, down previously from $43.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Yahoo! in a research note on Tuesday, May 27th. They now have a $37.00 price target on the stock. Finally, analysts at ING Group reiterated an “outperform” rating on shares of Yahoo! in a research note on Friday, May 23rd. They now have a $45.00 price target on the stock, down previously from $47.00.
Yahoo! Inc (NASDAQ:YHOO) is a global technology company.
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