Yahoo! (NASDAQ:YHOO)‘s stock had its “hold” rating restated by analysts at Pivotal Research in a research report issued to clients and investors on Thursday, AnalystRatings.Net reports. They currently have a $30.00 target price on the stock. Pivotal Research’s price objective points to a potential downside of 14.02% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at SunTrust raised their price target on shares of Yahoo! from $31.00 to $34.00 in a research note to investors on Monday, September 30th. They now have a “neutral” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Yahoo! from $31.00 to $39.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Finally, analysts at Bank of America Corp. raised their price target on shares of Yahoo! from $29.00 to $38.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Twenty-two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Yahoo! presently has an average rating of “Hold” and an average target price of $29.48.
Shares of Yahoo! (NASDAQ:YHOO) traded down 1.66% during mid-day trading on Thursday, hitting $34.31. The stock had a trading volume of 10,628,111 shares. Yahoo! has a one year low of $15.65 and a one year high of $35.06. The stock’s 50-day moving average is $29.7 and its 200-day moving average is $26.81. The company has a market cap of $35.007 billion and a price-to-earnings ratio of 9.61.
Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings data on Tuesday, July 16th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.04. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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