Sohu.com Stock Rating Reaffirmed by Zacks (SOHU)
Sohu.com (NASDAQ:SOHU)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Thursday. They currently have a $61.00 price objective on the stock. Zacks‘s price target suggests a potential upside of 5.24% from the stock’s previous close.
Zacks’ analyst wrote, “Sohu reported loss in the second quarter of 2014, which was narrower than the Zacks Consensus Estimate. However, revenues missed the same. Nevertheless, management provided upbeat earnings guidance for the third quarter. We believe that Sohu’s innovative product pipeline and strong traffic growth in the search, online video and mobile businesses will drive top-line growth. Moreover, strong growth potential exists in the online gaming business too. Additionally, the partnership with Tencent will boost Sogou’s traffic, in turn driving Sohu’s top line further. A sharp increase in operating expenses affected profitability. However, Sohu is a relatively small player in the online advertising market and continuing investments in product development are necessary to expand its market share. This will keep margins under pressure in the near term. Despite higher spending, we believe that market share gain will be difficult in the near term due to stiff competition. Thus, we maintain our Neutral recommendation and set a price target of $61.00. “
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley reiterated an “in-line” rating on shares of Sohu.com in a research note on Monday. Separately, analysts at Citigroup Inc. initiated coverage on shares of Sohu.com in a research note on Thursday, July 24th. They set a “buy” rating and a $66.00 price target on the stock. Finally, analysts at HSBC upgraded shares of Sohu.com from a “neutral” rating to an “overweight” rating in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $68.33.
Shares of Sohu.com (NASDAQ:SOHU) traded down 1.00% on Thursday, hitting $57.38. The stock had a trading volume of 212,933 shares. Sohu.com has a one year low of $52.69 and a one year high of $87.68. The stock has a 50-day moving average of $57.10 and a 200-day moving average of $64.10. The company’s market cap is $2.208 billion.
Sohu.com (NASDAQ:SOHU) last released its earnings data on Monday, July 28th. The company reported ($0.88) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.37) by $0.49. The company had revenue of $400.00 million for the quarter, compared to the consensus estimate of $408.21 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. Analysts expect that Sohu.com will post $-4.79 EPS for the current fiscal year.
Sohu.com Inc (NASDAQ:SOHU) is a Chinese online media, search, gaming, community and mobile service group.
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