Credit Agricole upgraded shares of Yahoo! (NASDAQ:YHOO) from an underperform rating to an outperform rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on YHOO. Analysts at Oppenheimer raised their price target on shares of Yahoo! from $33.00 to $38.00 in a research note to investors on Wednesday. They now have an outperform rating on the stock. Separately, analysts at Evercore Partners reiterated an equal weight rating on shares of Yahoo! in a research note to investors on Wednesday. They now have a $33.00 price target on the stock, up previously from $30.00. Finally, analysts at B. Riley raised their price target on shares of Yahoo! from $32.00 to $39.00 in a research note to investors on Wednesday, October 9th. They now have a buy rating on the stock. Twenty equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $31.90.
Yahoo! (NASDAQ:YHOO) traded up 2.09% during mid-day trading on Wednesday, hitting $33.431. The stock had a trading volume of 24,631,232 shares. Yahoo! has a 52 week low of $15.74 and a 52 week high of $35.06. The stock has a 50-day moving average of $31.44 and a 200-day moving average of $27.47. The company has a market cap of $34.110 billion and a price-to-earnings ratio of 9.02. Yahoo! also was the target of unusually large options trading activity on Tuesday. Investors purchased 132,889 call options on the company. This is an increase of approximately 186% compared to the typical daily volume of 46,498 call options.
Yahoo! (NASDAQ:YHOO) last released its earnings data on Tuesday, October 15th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Analysts expect that Yahoo! will post $1.46 EPS for the current fiscal year.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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