Qihoo 360 Technology Co Given Average Rating of “Buy” by Analysts (NASDAQ:QIHU)
Shares of Qihoo 360 Technology Co (NASDAQ:QIHU) have been given an average rating of “Buy” by the nineteen brokerages that are currently covering the company, AnalystRatingsNetwork reports. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $113.02.
Several analysts have recently commented on the stock. 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.
Shares of Qihoo 360 Technology Co (NASDAQ:QIHU) opened at 101.75 on Wednesday. Qihoo 360 Technology Co has a 52-week low of $73.00 and a 52-week high of $124.42. The stock’s 50-day moving average is $94.75 and its 200-day moving average is $94.91. The company has a market cap of $12.481 billion and a price-to-earnings ratio of 91.81. Qihoo 360 Technology Co also was the recipient of some unusual options trading activity on Friday. Stock traders bought 15,608 call options on the company. This represents an increase of 103% compared to the average volume of 7,686 call options.
Qihoo 360 Technology Co (NASDAQ:QIHU) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ 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 $2.51 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.
Receive News & Ratings for Qihoo 360 Technology Co Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qihoo 360 Technology Co Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.