Equities researchers at SunTrust assumed coverage on shares of LinkedIn Corp. (NASDAQ: LNKD) in a research report issued on Monday, AnalystRatings.Net reports. The firm set a “neutral” rating on the stock.
The analysts wrote, “We are initiating coverage of LinkedIn with a Neutral rating and a $215 2014 year end price target. Our target is derived around a central tendency of value methodology that analyzes SaaS historical multiples as well as current and applied forward multiples of 35x EV/EBITDA, 60x P/E, 60x P/FCF, and 9.5x EV/Revenues. Our rating is a reflection of valuation and we would look to be more constructive upon a pullback. Building the “Professional Platform as a Service” – LinkedIn has done a great job building the leading employment seeker and talent recruiter community. We acknowledge this success, but further, we think LinkedIn is building a much broader and a more dynamic offering – succinctly, we think LinkedIn is building the professional’s Platform as a Service (PaaS).”
LinkedIn Corp. (NASDAQ: LNKD) opened at 198.80 on Monday. LinkedIn Corp. has a 1-year low of $91.67 and a 1-year high of $202.91. The stock’s 50-day moving average is currently $177.9. The company has a market cap of $21.940 billion and a price-to-earnings ratio of 770.54.
LinkedIn Corp. (NASDAQ: LNKD) last announced its earnings results on Thursday, May 2nd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.14. The company had revenue of $324.70 million for the quarter, compared to the consensus estimate of $318.04 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 72.3% on a year-over-year basis. Analysts expect that LinkedIn Corp. will post $1.47 EPS for the current fiscal year.
A number of other firms have also recently commented on LNKD. Analysts at Susquehanna initiated coverage on shares of LinkedIn Corp. in a research note to investors on Wednesday, July 10th. They set a “positive” rating on the stock. Separately, analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Wednesday, July 10th. Finally, analysts at Citigroup Inc. initiated coverage on shares of LinkedIn Corp. in a research note to investors on Tuesday, July 9th. They set a “neutral” rating on the stock.
One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $193.11.
LinkedIn Corporation (NASDAQ: LNKD) is a professional network on the Internet with more than 90 million members in over 200 countries and territories.
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