Qihoo 360 Technology Co PT Lowered to $113.00 at T.H. Capital (QIHU)
Research analysts at T.H. Capital dropped their target price on shares of Qihoo 360 Technology Co (NASDAQ:QIHU) to $113.00 in a report released on Tuesday. The firm currently has a “buy” rating on the stock. T.H. Capital’s price target points to a potential upside of 20.38% from the company’s current price.
A number of other analysts have also recently weighed in on QIHU. Analysts at Credit Suisse downgraded shares of Qihoo 360 Technology Co from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $115.00 price target on the stock, down previously from $156.00. Separately, 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. Finally, 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. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Qihoo 360 Technology Co presently has a consensus rating of “Buy” and a consensus price target of $114.25.
Qihoo 360 Technology Co (NASDAQ:QIHU) traded down 1.96% during mid-day trading on Tuesday, hitting $92.0314. The stock had a trading volume of 7,316,555 shares. Qihoo 360 Technology Co has a 1-year low of $73.00 and a 1-year high of $124.42. The stock has a 50-day moving average of $94.72 and a 200-day moving average of $94.94. The company has a market cap of $11.351 billion and a P/E ratio of 81.41.
Qihoo 360 Technology Co (NASDAQ:QIHU) last announced its earnings results on Monday, August 25th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.47 by $0.03. The company had revenue of $317.90 million for the quarter, compared to the consensus estimate of $309.38 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 109.6% 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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