Groupon Lifted to Sector Perform at RBC Capital (GRPN)
Groupon (NASDAQ:GRPN) was upgraded by research analysts at RBC Capital from an “underperform” rating to a “sector perform” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $6.00 target price on the stock, up from their previous target price of $5.00. RBC Capital’s price target points to a potential downside of 15.01% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Groupon in a research note on Friday, August 8th. They now have a $6.25 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Groupon in a research note on Wednesday, August 6th. They now have a $6.50 price target on the stock, down previously from $10.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Groupon in a research note on Wednesday, August 6th. They now have a $7.00 price target on the stock, down previously from $8.00. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Groupon currently has an average rating of “Hold” and an average price target of $8.41.
Groupon (NASDAQ:GRPN) traded up 3.82% during mid-day trading on Tuesday, hitting $7.06. The stock had a trading volume of 24,167,570 shares. Groupon has a 1-year low of $5.18 and a 1-year high of $12.76. The stock has a 50-day moving average of $6.30 and a 200-day moving average of $7.02. The company’s market cap is $4.725 billion.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $751.60 million for the quarter, compared to the consensus estimate of $762.07 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. On average, analysts predict that Groupon will post $0.08 earnings per share for the current fiscal year.
Groupon, Inc (NASDAQ:GRPN) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.
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