Yahoo! Rating Increased to Buy at BGC Financial (YHOO)

By admin | 6 years ago

Yahoo! (NASDAQ: YHOO) was upgraded by research analysts at BGC Financial from a “hold” rating to a “buy” rating in a report released on Monday.

Shares of Yahoo! traded down 0.06% during mid-day trading on Monday, hitting $15.57. Yahoo! has a 52 week low of $11.09 and a 52 week high of $18.84. The company has a market cap of $18.975 billion and a P/E ratio of 17.68.

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 analysts have also recently weighed in on YHOO. Analysts at Oppenheimer (NYSE: OPY) set a $18.00 price target on shares of Yahoo! in a research note to investors on Monday. Separately, analysts at Piper Jaffray (NYSE: PJC) reiterated an “overweight” rating on shares of Yahoo! in a research note to investors on Monday. They now have a $18.00 price target on the stock. Finally, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Yahoo! in a research note to investors on Monday, May 14th.

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.

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