Groupon’s Neutral Rating Reaffirmed at JPMorgan Chase & Co. (GRPN)
Groupon (NASDAQ:GRPN)‘s stock had its “neutral” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Wednesday. They currently have a $9.00 price objective on the stock, down from their previous price objective of $10.00. JPMorgan Chase & Co.’s price target would suggest a potential upside of 45.87% from the company’s current price.
GRPN has been the subject of a number of other recent research reports. Analysts at Macquarie reiterated a “neutral” rating on shares of Groupon in a research note on Wednesday. They now have a $6.50 price target on the stock, down previously from $7.00. Separately, analysts at Bank of America cut their price target on shares of Groupon to $7.50 in a research note on Wednesday. Finally, analysts at Jefferies Group cut their price target on shares of Groupon from $8.00 to $7.00 in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. Groupon has an average rating of “Hold” and a consensus price target of $8.40.
Groupon (NASDAQ:GRPN) traded down 12.72% during mid-day trading on Wednesday, hitting $6.17. 61,847,000 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 has a 50-day moving average of $6.4 and a 200-day moving average of $7.52. The company’s market cap is $4.209 billion.
Groupon (NASDAQ:GRPN) last issued its quarterly 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. On average, analysts predict that Groupon will post $0.10 earnings per share 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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