Criteo SA (CRTO) Receives Average Recommendation of “Buy” from Analysts
Shares of Criteo SA (NASDAQ:CRTO) have been given an average recommendation of “Buy” by the eighteen brokerages that are presently covering the company. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $49.35.
Several equities analysts have commented on CRTO shares. Citigroup Inc. lowered their price objective on shares of Criteo SA from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $51.00 price objective on shares of Criteo SA in a research report on Tuesday, September 27th. Jefferies Group reiterated a “buy” rating on shares of Criteo SA in a research report on Monday, July 11th. Pacific Crest reiterated a “buy” rating and set a $53.00 price objective on shares of Criteo SA in a research report on Monday, July 11th. Finally, Morgan Stanley reiterated a “hold” rating on shares of Criteo SA in a research report on Friday, September 16th.
Shares of Criteo SA (NASDAQ:CRTO) traded down 1.4386% during trading on Thursday, hitting $33.3236. 149,857 shares of the company traded hands. The company has a 50 day moving average price of $36.01 and a 200 day moving average price of $40.91. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 30.0483 and a beta of 2.82. Criteo SA has a 52 week low of $24.23 and a 52 week high of $47.81.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/criteo-sa-crto-receives-average-recommendation-of-buy-from-analysts.html
Criteo SA (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. Criteo SA had a net margin of 4.72% and a return on equity of 15.20%. The business earned $166 million during the quarter, compared to analyst estimates of $161.27 million. During the same quarter last year, the business earned $0.15 earnings per share. Criteo SA’s quarterly revenue was up 35.4% compared to the same quarter last year. On average, analysts expect that Criteo SA will post $1.78 earnings per share for the current year.
In other Criteo SA news, CFO Benoit Fouilland sold 876 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $44.05, for a total transaction of $38,587.80. Following the transaction, the chief financial officer now owns 103,723 shares of the company’s stock, valued at approximately $4,568,998.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean-Baptiste Rudelle sold 76,100 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $43.79, for a total transaction of $3,332,419.00. Following the transaction, the insider now directly owns 2,969,301 shares in the company, valued at approximately $130,025,690.79. The disclosure for this sale can be found here. Company insiders own 8.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Westpac Banking Corp acquired a new position in Criteo SA during the second quarter worth approximately $46,976,000. 1832 Asset Management L.P. acquired a new position in Criteo SA during the first quarter worth approximately $57,764,000. Oak Ridge Investments LLC acquired a new position in Criteo SA during the second quarter worth approximately $36,056,000. Alken Asset Management Ltd. acquired a new position in Criteo SA during the second quarter worth approximately $33,027,000. Finally, Jennison Associates LLC acquired a new position in Criteo SA during the second quarter worth approximately $30,538,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.
Criteo SA Company Profile
Criteo SA is a global technology company specializing in digital performance marketing. The Company’s solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.
Receive News & Ratings for Criteo SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Criteo SA and related companies with MarketBeat.com's FREE daily email newsletter.