Qihoo 360 Technology Co Given Consensus Rating of “Buy” by Analysts (NASDAQ:QIHU)
Qihoo 360 Technology Co (NASDAQ:QIHU) has earned a consensus recommendation of “Buy” from the nineteen analysts that are covering the company, Analyst Ratings News reports. Three research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $113.02.
QIHU has been the subject of a number of recent research reports. Analysts at Credit Agricole initiated coverage on shares of Qihoo 360 Technology Co in a research note on Wednesday, August 13th. They set a “buy” rating on the stock. Separately, 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. Finally, 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.
Qihoo 360 Technology Co (NASDAQ:QIHU) traded up 0.08% on Wednesday, hitting $102.10. The stock had a trading volume of 401,419 shares. Qihoo 360 Technology Co has a 52 week low of $69.81 and a 52 week high of $124.42. The stock’s 50-day moving average is $94.19 and its 200-day moving average is $94.76. The company has a market cap of $12.524 billion and a P/E ratio of 92.16.
Qihoo 360 Technology Co (NASDAQ:QIHU) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 141.3% on a year-over-year basis. On average, analysts predict that Qihoo 360 Technology Co will post $2.48 earnings per share for the current fiscal year.
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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