Twitter Lowered to Sell at Evercore Partners (TWTR)
Twitter (NYSE:TWTR) was downgraded by equities research analysts at Evercore Partners to a “sell” rating in a research note issued to investors on Wednesday. They currently have a $55.00 price target on the stock, up from their previous price target of $48.00. Evercore Partners’ price objective suggests a potential upside of 18.79% from the company’s current price.
Twitter (NYSE:TWTR) traded up 19.98% during mid-day trading on Wednesday, hitting $46.30. The stock had a trading volume of 116,195,896 shares. Twitter has a one year low of $29.51 and a one year high of $74.73. The stock’s 50-day moving average is $38.87 and its 200-day moving average is $45.0. The company’s market cap is $27.036 billion.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.03. The company had revenue of $312.00 million for the quarter, compared to the consensus estimate of $282.44 million. During the same quarter last year, the company posted ($0.12) earnings per share. Twitter’s revenue was up 124.0% compared to the same quarter last year. On average, analysts predict that Twitter will post $0.04 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Telsey Advisory Group reiterated a “” rating on shares of Twitter in a research note on Monday. They now have a $43.00 price target on the stock. Separately, analysts at Raymond James initiated coverage on shares of Twitter in a research note on Thursday, July 24th. They set a “market perform” rating on the stock. Finally, analysts at ISI Group initiated coverage on shares of Twitter in a research note on Tuesday, July 22nd. They set a “neutral” rating on the stock. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and sixteen have assigned a buy rating to the company. Twitter presently has a consensus rating of “Hold” and an average price target of $50.57.
Twitter, Inc (NYSE:TWTR) is a global platform for public self-expression and conversation in real time.
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