RBC Capital Markets Increases Yahoo Inc. (YHOO) Price Target to $45.00
Yahoo Inc. (NASDAQ:YHOO) had its price objective upped by equities research analysts at RBC Capital Markets to $45.00 in a research report issued on Wednesday. RBC Capital Markets’ target price would suggest a potential upside of 7.97% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on the stock. Bank of America Corp. reiterated a “buy” rating and set a $53.00 price objective (up previously from $50.00) on shares of Yahoo in a research report on Tuesday, August 23rd. MKM Partners lifted their price objective on shares of Yahoo from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Monday. Vetr upgraded shares of Yahoo from a “sell” rating to a “hold” rating and set a $43.17 price objective on the stock in a research report on Monday, September 5th. SunTrust Banks Inc. restated a “neutral” rating on shares of Yahoo in a research report on Friday, September 30th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $55.00 price target (up previously from $48.00) on shares of Yahoo in a research report on Monday, September 19th. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $42.24.
Yahoo (NASDAQ:YHOO) traded up 2.483% during midday trading on Wednesday, reaching $42.715. 6,362,176 shares of the company’s stock traded hands. The stock’s market cap is $40.66 billion. Yahoo has a 52-week low of $26.15 and a 52-week high of $44.92. The company’s 50-day moving average price is $43.14 and its 200-day moving average price is $39.30.
Yahoo (NASDAQ:YHOO) last issued its quarterly earnings results on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The business had revenue of $857 million for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. On average, equities analysts predict that Yahoo will post $0.49 EPS for the current fiscal year.
In other Yahoo news, CRO Lisa Utzschneider sold 732 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $42.84, for a total value of $31,358.88. Following the completion of the sale, the executive now directly owns 612,081 shares of the company’s stock, valued at approximately $26,221,550.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.20% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Checchi Capital Advisers LLC increased its stake in shares of Yahoo by 1.0% in the second quarter. Checchi Capital Advisers LLC now owns 6,751 shares of the digital content provider’s stock worth $254,000 after buying an additional 68 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Yahoo by 0.8% in the second quarter. Stratos Wealth Partners LTD. now owns 10,504 shares of the digital content provider’s stock worth $395,000 after buying an additional 85 shares during the period. NEXT Financial Group Inc increased its stake in shares of Yahoo by 0.7% in the second quarter. NEXT Financial Group Inc now owns 13,450 shares of the digital content provider’s stock worth $505,000 after buying an additional 100 shares during the period. Glenmede Trust Co. NA increased its stake in shares of Yahoo by 2.7% in the second quarter. Glenmede Trust Co. NA now owns 4,512 shares of the digital content provider’s stock worth $169,000 after buying an additional 120 shares during the period. Finally, Wetherby Asset Management Inc. increased its stake in shares of Yahoo by 2.3% in the second quarter. Wetherby Asset Management Inc. now owns 12,234 shares of the digital content provider’s stock worth $460,000 after buying an additional 277 shares during the period. 73.86% of the stock is owned by institutional investors and hedge funds.
Yahoo Company Profile
Yahoo! Inc (Yahoo), along with its subsidiaries, is engaged in digital information discovery. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company focuses on informing, connecting and entertaining its users with its search (Yahoo search), communications, including Yahoo Mail and Yahoo Messenger, and digital content products, including Tumblr, and its four verticals, such as Yahoo News, Yahoo Sports, Yahoo Finance and Yahoo Lifestyle.
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