TheStreet restated their buy rating on shares of Yahoo! (NASDAQ:YHOO) in a report released on Wednesday, AR 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.,” the firm’s analyst commented.
Yahoo! (NASDAQ:YHOO) traded up 0.58% during mid-day trading on Wednesday, hitting $38.3499. 13,835,453 shares of the company’s stock traded hands. Yahoo! has a one year low of $18.77 and a one year high of $38.15. The stock’s 50-day moving average is $34.4 and its 200-day moving average is $29.80. The company has a market cap of $38.904 billion and a P/E ratio of 32.90. Yahoo! also saw some unusual options trading activity on Tuesday. Investors bought 45,099 put options on the stock. This is an increase of 188% compared to the average volume of 15,641 put options.
Yahoo! (NASDAQ:YHOO) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.34 earnings per share for the quarter, beating the analysts’ 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 prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Analysts expect that Yahoo! will post $1.46 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at MKM Partners raised their price target on shares of Yahoo! from $36.00 to $45.00 in a research note to investors on Thursday, November 21st. They now have a buy rating on the stock. Separately, analysts at SunTrust reiterated a neutral rating on shares of Yahoo! in a research note to investors on Wednesday, November 20th. They now have a $34.00 price target on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Yahoo! in a research note to investors on Thursday, November 14th. They now have a $37.00 price target on the stock. Twenty analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $32.16.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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