Facebook Given Average Recommendation of “Buy” by Brokerages (NASDAQ:FB)
Facebook (NASDAQ:FB) has been given a consensus rating of “Buy” by the forty-nine ratings firms that are currently covering the company, AnalystRatingsNetwork.com reports. Seven equities research analysts have rated the stock with a hold recommendation and thirty-five have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $80.08.
Facebook (NASDAQ:FB) traded down 0.08% on Thursday, hitting $74.75. The stock had a trading volume of 4,554,042 shares. Facebook has a 52 week low of $38.34 and a 52 week high of $76.74. The stock has a 50-day moving average of $70.87 and a 200-day moving average of $65.42. The company has a market cap of $194.4 billion and a P/E ratio of 79.50.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 23rd. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.10. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the company posted $0.19 earnings per share. Facebook’s revenue was up 60.5% compared to the same quarter last year. On average, analysts predict that Facebook will post $1.62 earnings per share for the current fiscal year.
A number of research firms have recently commented on FB. Analysts at Stifel Nicolaus initiated coverage on shares of Facebook in a research note on Wednesday, August 13th. They set a “buy” rating and a $95.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Facebook from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 7th. They now have a $87.00 price target on the stock. Finally, analysts at S&P Equity Research reiterated an “average” rating on shares of Facebook in a research note on Friday, July 25th. They now have a $3.00 price target on the stock.
In other Facebook news, CTO Michael Todd Schroepfer sold 130,181 shares of Facebook stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $74.49, for a total value of $9,697,182.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Facebook, Inc (NASDAQ:FB), is engaged in building products to create utility for users, developers, and advertisers.
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