Criteo SA Coverage Initiated at BNP Paribas (CRTO)
Research analysts at BNP Paribas initiated coverage on shares of Criteo SA (NASDAQ:CRTO) in a report released on Wednesday. The firm set an “outperform” rating and a $52.00 price target on the stock. BNP Paribas’ price target would indicate a potential upside of 51.82% from the company’s current price.
Shares of Criteo SA (NASDAQ:CRTO) opened at 34.25 on Wednesday. Criteo SA has a 1-year low of $25.16 and a 1-year high of $60.95. The stock has a 50-day moving average of $33.02 and a 200-day moving average of $36.9. The company has a market cap of $1.967 billion and a price-to-earnings ratio of 383.75. Criteo SA also was the target of a large growth in short interest during the month of June. As of June 13th, there was short interest totalling 2,342,754 shares, a growth of 28.6% from the May 30th total of 1,821,153 shares. Based on an average trading volume of 374,562 shares, the days-to-cover ratio is currently 6.3 days. Currently, 4.4% of the shares of the stock are short sold.
Criteo SA (NASDAQ:CRTO) last released its earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.04. The company had revenue of $152.50 million for the quarter, compared to the consensus estimate of $141.29 million. The company’s revenue for the quarter was up 60.7% on a year-over-year basis. Analysts expect that Criteo SA will post $0.35 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale cut their price target on shares of Criteo SA from $46.00 to $39.00 in a research note on Wednesday, May 14th. Analysts at Goldman Sachs initiated coverage on shares of Criteo SA in a research note on Monday, April 28th. They set a “neutral” rating and a $36.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $43.57.
Criteo SA enables companies to engage and convert their customers online whether they are on a desktop, laptop, tablet or smartphone.
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