Yahoo! Coverage Initiated at FBR Capital Markets (YHOO)
A number of other firms have also recently commented on YHOO. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Yahoo! in a research note on Wednesday, July 9th. Separately, analysts at Needham & Company LLC reiterated a “hold” rating on shares of Yahoo! in a research note on Monday, July 7th. Finally, analysts at Piper Jaffray upgraded shares of Yahoo! from a “neutral” rating to an “overweight” rating in a research note on Monday, June 30th. They now have a $43.00 price target on the stock, up previously from $37.00. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company. Yahoo! has an average rating of “Buy” and an average price target of $40.55.
Shares of Yahoo! (NASDAQ:YHOO) traded up 0.76% during mid-day trading on Monday, hitting $35.70. 18,675,314 shares of the company’s stock traded hands. Yahoo! has a 52 week low of $26.73 and a 52 week high of $41.72. The stock’s 50-day moving average is $35.03 and its 200-day moving average is $36.5. The company has a market cap of $35.943 billion and a P/E ratio of 29.55. Yahoo! also saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 27,580,196 shares, a growth of 17.8% from the June 13th total of 23,407,413 shares. Based on an average trading volume of 21,301,619 shares, the short-interest ratio is presently 1.3 days. Currently, 3.0% of the shares of the stock are sold short.
Yahoo! Inc (NASDAQ:YHOO) is a global technology company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.