TheStreet reaffirmed their buy rating on shares of Yahoo! (NASDAQ:YHOO) in a research note issued to investors on Tuesday, Stock Ratings Network reports.
“Yahoo (YHOO) has been reiterated by TheStreet Ratings as a buy with a ratings score of B-. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.,” TheStreet’s analyst wrote.
Shares of Yahoo! (NASDAQ:YHOO) traded up 3.04% during mid-day trading on Tuesday, hitting $35.105. The stock had a trading volume of 21,298,672 shares. Yahoo! has a 52 week low of $17.74 and a 52 week high of $35.06. The stock’s 50-day moving average is $33.24 and its 200-day moving average is $28.6. The company has a market cap of $36.569 billion and a P/E ratio of 29.40.
Yahoo! (NASDAQ:YHOO) last issued its quarterly 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. On average, analysts predict that Yahoo! will post $1.46 earnings per share for the current fiscal year.
YHOO has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein upgraded shares of Yahoo! from a market perform rating to an outperform rating in a research note to investors on Tuesday, October 29th. They now have a $24.00 price target on the stock, down previously from $40.00. They noted that the move was a valuation call. Separately, analysts at Thomson Reuters/Verus downgraded shares of Yahoo! from a buy rating to a hold rating in a research note to investors on Monday, October 28th. Finally, analysts at BMO Capital Markets raised their price target on shares of Yahoo! from $27.00 to $32.00 in a research note to investors on Thursday, October 17th. They now have a market perform rating on the stock. Twenty equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $31.61.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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