Groupon Price Target Lowered to $5.00 at RBC Capital (GRPN)
Investment analysts at RBC Capital reduced their target price on shares of Groupon (NASDAQ:GRPN) from $6.00 to $5.00 in a note issued to investors on Wednesday. The firm currently has an “underperform” rating on the stock. RBC Capital’s target price points to a potential downside of 18.96% from the stock’s previous close.
A number of other firms have also recently commented on GRPN. Analysts at Wunderlich cut their price target on shares of Groupon from $10.00 to $6.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Piper Jaffray cut their price target on shares of Groupon from $16.00 to $10.00 in a research note on Wednesday. They now have an “overweight” rating on the stock. Finally, analysts at Evercore Partners cut their price target on shares of Groupon to $5.50 in a research note on Wednesday. They now have an “equal weight” rating on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. Groupon currently has a consensus rating of “Hold” and a consensus price target of $8.40.
Shares of Groupon (NASDAQ:GRPN) traded down 12.72% during mid-day trading on Wednesday, hitting $6.17. 61,931,116 shares of the company’s stock traded hands. Groupon has a 52-week low of $5.18 and a 52-week high of $12.76. The stock’s 50-day moving average is $6.45 and its 200-day moving average is $7.51. The company’s market cap is $4.209 billion.
Groupon (NASDAQ:GRPN) last released its earnings data on Tuesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $751.60 million for the quarter, compared to the consensus estimate of $762.07 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. Analysts expect that Groupon will post $0.10 EPS for the current fiscal year.
Groupon, Inc (NASDAQ:GRPN) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.
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