Facebook Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:FB)
Shares of Facebook (NASDAQ:FB) have been given an average rating of “Buy” by the forty-nine brokerages that are presently covering the stock, ARN reports. Seven equities research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $80.08.
A number of analysts have recently weighed in on FB shares. 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.
Shares of Facebook (NASDAQ:FB) opened at 74.57 on Thursday. Facebook has a one year low of $39.42 and a one year high of $76.74. The stock’s 50-day moving average is $71.34 and its 200-day moving average is $65.58. The company has a market cap of $193.9 billion and a price-to-earnings ratio of 79.25.
Facebook (NASDAQ:FB) last released its earnings data on Wednesday, July 23rd. The company reported $0.42 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 60.5% on a year-over-year basis. On average, analysts predict that Facebook will post $1.62 earnings per share for the current fiscal year.
In other Facebook news, Director Susan Desmond-Hellmann sold 625 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $74.96, for a total value of $46,850.00. The transaction 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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