Shopify Inc. (TSE:SHO) Receives Average Rating of “Buy” from Analysts

Shares of Shopify Inc. (TSE:SHO) have received a consensus rating of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and five have given a strong buy rating to the company.

A number of analysts recently commented on the company. Cantor Fitzgerald upgraded Shopify to a “hold” rating in a research report on Thursday, September 5th. Evercore ISI upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Atb Cap Markets lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Redburn Atlantic raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 17th. Finally, Argus upgraded shares of Shopify to a “strong-buy” rating in a research report on Thursday, August 8th.

Shopify Stock Performance

Shopify (TSE:SHO) last announced its earnings results on Tuesday, November 12th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.13. The company had revenue of C$2.95 billion for the quarter, compared to analyst estimates of C$2.90 billion.

Shopify Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust (“REIT”) that as of the date of this release has interests in 19 hotels comprised of 9,997 rooms. Sunstone’s business is to acquire, own, asset manage and renovate or reposition hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.