Qihoo 360 Technology Co Receives New Coverage from Analysts at Credit Agricole (QIHU)
Equities researchers at Credit Agricole started coverage on shares of Qihoo 360 Technology Co (NASDAQ:QIHU) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Qihoo 360 Technology Co (NASDAQ:QIHU) traded up 1.60% on Wednesday, hitting $98.21. 793,630 shares of the company’s stock traded hands. Qihoo 360 Technology Co has a one year low of $61.70 and a one year high of $124.42. The stock’s 50-day moving average is $92.99 and its 200-day moving average is $94.56. The company has a market cap of $12.047 billion and a price-to-earnings ratio of 87.32.
Qihoo 360 Technology Co (NASDAQ:QIHU) last announced its earnings results on Tuesday, May 27th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.20. The company had revenue of $265.10 million for the quarter, compared to the consensus estimate of $228.20 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 141.3% on a year-over-year basis. Analysts expect that Qihoo 360 Technology Co will post $2.48 EPS for the current fiscal year.
A number of other firms have also recently commented on QIHU. Analysts at Zacks downgraded shares of Qihoo 360 Technology Co from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $105.30 price target on the stock. Separately, analysts at STANDARD CHARTERED.5 upgraded shares of Qihoo 360 Technology Co from an “underperform” rating to an “outperform” rating in a research note on Thursday, May 29th. They now have a $104.00 price target on the stock, up previously from $80.00. Finally, analysts at Citigroup Inc. raised their price target on shares of Qihoo 360 Technology Co from $160.00 to $165.00 in a research note on Thursday, May 29th. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $113.02.
Qihoo 360 Technology Co Ltd (NASDAQ:QIHU), formerly Qihoo Technology Company Limited, is engaged in the operations of Internet services and sales of third party anti-virus software in the People’s Republic of China.
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