Nomura Reaffirms Neutral Rating on Yahoo! (YHOO)
Shares of Yahoo! opened at 15.29 on Tuesday. Yahoo! has a 52 week low of $11.09 and a 52 week high of $18.84. The company has a market cap of $18.634 billion and a P/E ratio of 17.36.
Yahoo! last announced its earnings results on Tuesday, April 17th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.06. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Yahoo! will post $0.24 earnings per share next quarter.
A number of other firms have also recently commented on YHOO. Analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of Yahoo! from $4.00 to $16.00 in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. Separately, analysts at Piper Jaffray (NYSE: PJC) downgraded shares of Yahoo! from an “overweight” rating to a “neutral” rating in a research note to investors on Monday. Finally, analysts at BGC Financial upgraded shares of Yahoo! from a “hold” rating to a “buy” rating in a research note to investors on Monday.
Yahoo! Inc. (Yahoo!) is a digital media company. Through the Company’s technology and insights, Yahoo! delivers digital content and experiences, across devices and globally.