Yahoo! Receives Average Rating of “Buy” from Brokerages (NASDAQ:YHOO)
Yahoo! (NASDAQ:YHOO) has received a consensus recommendation of “Buy” from the thirty-nine analysts that are presently covering the stock, ARN reports. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and twenty-two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $39.77.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Yahoo! from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 6th. They now have a $32.00 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Yahoo! in a research note on Thursday, July 17th. They now have a $39.00 price target on the stock, down previously from $42.00.
In other Yahoo! news, CEO Marissa A. Mayer sold 36,000 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $37.51, for a total transaction of $1,350,360.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Yahoo! (NASDAQ:YHOO) opened at 37.71 on Tuesday. Yahoo! has a 52 week low of $26.75 and a 52 week high of $41.72. The stock has a 50-day moving average of $35.73 and a 200-day moving average of $35.89. The company has a market cap of $37.506 billion and a price-to-earnings ratio of 32.59.
Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.37 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.38 by $0.01. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $0.35 earnings per share. Yahoo!’s revenue was down 2.9% compared to the same quarter last year. Analysts expect that Yahoo! will post $1.42 EPS for the current fiscal year.
Yahoo! Inc (NASDAQ:YHOO), is a global technology company.
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