Yahoo Inc. (YHOO) Given a $52.00 Price Target by Credit Suisse Group AG Analysts
Yahoo Inc. (NASDAQ:YHOO) has been assigned a $52.00 price target by analysts at Credit Suisse Group AG in a research note issued on Monday. The firm presently has a a “neutral” rating on the digital content provider’s stock. Credit Suisse Group AG’s price target would indicate a potential upside of 25.48% from the stock’s previous close.
Several other research analysts have also issued reports on YHOO. Susquehanna reissued a “positive” rating and set a $44.00 target price on shares of Yahoo in a research note on Wednesday, June 22nd. Vetr lowered shares of Yahoo from a “strong-buy” rating to a “buy” rating and set a $41.87 target price on the stock. in a research note on Monday, July 4th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Yahoo in a research note on Tuesday, July 5th. SunTrust Banks Inc. reissued a “buy” rating and set a $44.00 target price (up from $42.00) on shares of Yahoo in a research note on Wednesday, July 6th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating on shares of Yahoo in a research note on Saturday, July 9th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have assigned a buy rating to the company. Yahoo currently has a consensus rating of “Hold” and a consensus target price of $40.84.
Yahoo (NASDAQ:YHOO) traded up 0.5171% on Monday, hitting $41.6543. 974,994 shares of the stock traded hands. Yahoo has a 52 week low of $26.15 and a 52 week high of $44.92. The stock has a 50 day moving average of $43.17 and a 200 day moving average of $39.18. The firm’s market capitalization is $39.65 billion.
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Yahoo (NASDAQ:YHOO) last issued its earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The company had revenue of $842 million for the quarter, compared to the consensus estimate of $1.08 billion. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. The firm’s revenue was down 19.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. Equities research analysts anticipate that Yahoo will post $0.49 earnings per share for the current year.
In related news, CRO Lisa Utzschneider sold 683 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $43.03, for a total value of $29,389.49. Following the transaction, the executive now owns 603,484 shares in the company, valued at approximately $25,967,916.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.20% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in YHOO. Vanguard Group Inc. boosted its position in shares of Yahoo by 2.2% in the second quarter. Vanguard Group Inc. now owns 53,298,983 shares of the digital content provider’s stock worth $2,001,909,000 after buying an additional 1,126,726 shares during the last quarter. State Street Corp boosted its position in shares of Yahoo by 9.9% in the first quarter. State Street Corp now owns 36,235,550 shares of the digital content provider’s stock worth $1,333,822,000 after buying an additional 3,253,009 shares during the last quarter. Canyon Capital Advisors LLC boosted its position in shares of Yahoo by 66.9% in the second quarter. Canyon Capital Advisors LLC now owns 18,572,403 shares of the digital content provider’s stock worth $697,579,000 after buying an additional 7,445,247 shares during the last quarter. TCI Fund Management Ltd. purchased a new position in shares of Yahoo during the first quarter worth about $530,211,000. Finally, Natixis boosted its position in shares of Yahoo by 33.7% in the first quarter. Natixis now owns 14,099,072 shares of the digital content provider’s stock worth $518,987,000 after buying an additional 3,552,539 shares during the last quarter. Institutional investors own 73.86% of the company’s stock.
Yahoo! Inc (Yahoo), along with its subsidiaries, is engaged in digital information discovery. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company focuses on informing, connecting and entertaining its users with its search (Yahoo search), communications, including Yahoo Mail and Yahoo Messenger, and digital content products, including Tumblr, and its four verticals, such as Yahoo News, Yahoo Sports, Yahoo Finance and Yahoo Lifestyle.
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