YY Inc Given Consensus Recommendation of “Buy” by Analysts (NYSE:YY)
Shares of YY Inc (NYSE:YY) have earned a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock, StockRatingsNetwork reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $85.88.
Shares of YY Inc (NYSE:YY) traded up 1.73% on Friday, hitting $87.282. 1,331,149 shares of the company’s stock traded hands. YY Inc has a 52 week low of $36.19 and a 52 week high of $90.93. The stock has a 50-day moving average of $75.32 and a 200-day moving average of $69.71. The company has a market cap of $4.863 billion and a P/E ratio of 40.97.
YY Inc (NYSE:YY) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.12. The company had revenue of $135.60 million for the quarter, compared to the consensus estimate of $121.71 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, analysts predict that YY Inc will post $2.54 earnings per share for the current fiscal year.
Separately, analysts at Pacific Crest reiterated an “outperform” rating on shares of YY Inc in a research note on Thursday. They now have a $110.00 price target on the stock, up previously from $93.00.
YY Inc (NYSE:YY) is a communication social platform, which engages users in online group activities through voice, text and video.
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.