Qihoo 360 Technology Co Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:QIHU)
Shares of Qihoo 360 Technology Co (NASDAQ:QIHU) have received a consensus recommendation of “Buy” from the eighteen ratings firms that are presently covering the stock, American Banking and Market News reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $112.51.
A number of research firms have recently commented on QIHU. Analysts at Zacks upgraded shares of Qihoo 360 Technology Co from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 18th. They now have a $97.10 price target on the stock. Separately, analysts at STANDARD CHARTERED.5 upgraded shares of Qihoo 360 Technology Co from an “underperform” rating to an “outperform” rating in a research note on Thursday, May 29th. They now have a $104.00 price target on the stock, up previously from $80.00. Finally, analysts at Citigroup Inc. raised their price target on shares of Qihoo 360 Technology Co from $160.00 to $165.00 in a research note on Thursday, May 29th. They now have an “outperform” rating on the stock.
Shares of Qihoo 360 Technology Co (NASDAQ:QIHU) opened at 88.16 on Wednesday. Qihoo 360 Technology Co has a 52-week low of $51.00 and a 52-week high of $124.42. The stock has a 50-day moving average of $89.77 and a 200-day moving average of $93.23. The company has a market cap of $10.814 billion and a P/E ratio of 78.65.
Qihoo 360 Technology Co (NASDAQ:QIHU) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.20. The company had revenue of $265.10 million for the quarter, compared to the consensus estimate of $228.20 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 141.3% on a year-over-year basis. On average, analysts predict that Qihoo 360 Technology Co will post $2.44 earnings per share for the current fiscal year.
Qihoo 360 Technology Co Ltd (NASDAQ:QIHU), formerly Qihoo Technology Company Limited, is engaged in the operations of Internet services and sales of third party anti-virus software in the People’s Republic of China.
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