Credit Agricole Lowers Sohu.Com to Outperform (SOHU)
Several other analysts have also recently commented on the stock. Analysts at CLSA downgraded shares of Sohu.Com from a “buy” rating to an “outperform” rating in a research note to investors on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Sohu.Com in a research note to investors on Tuesday. They now have a $54.00 price target on the stock. Finally, analysts at Piper Jaffray (NYSE: PJC) initiated coverage on shares of Sohu.Com in a research note to investors on Tuesday. They set a “neutral” rating on the stock.
Sohu.Com opened at 50.30 on Tuesday. Sohu.Com has a 1-year low of $45.40 and a 1-year high of $97.35. The company has a market cap of $1.916 billion and a price-to-earnings ratio of 12.78.
The company last announced its quarterly results on Monday, April 30th. It reported $0.61 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.54 EPS by $0.07. The company’s quarterly revenue was up 29.9% on a year-over-year basis. Analysts expect that Sohu.Com will post $0.90 EPS next quarter.
Sohu.com Inc. (Sohu) is a Chinese online media, search, gaming, community and mobile service group. Sohu operates matrices of Chinese language Web properties and online games in China.