Yahoo Inc. (YHOO) Price Target Increased to $45.00 by Analysts at Royal Bank Of Canada
Yahoo Inc. (NASDAQ:YHOO) had its price target lifted by stock analysts at Royal Bank Of Canada from $39.00 to $45.00 in a report released on Wednesday. The firm presently has a “sector perform” rating on the digital content provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 7.97% from the stock’s current price.
Other analysts also recently issued reports about the stock. Vetr downgraded shares of Yahoo from a “hold” rating to a “sell” rating and set a $43.29 target price on the stock. in a research report on Tuesday, September 6th. SunTrust Banks Inc. reaffirmed a “neutral” rating and issued a $42.00 target price on shares of Yahoo in a research report on Thursday, September 22nd. Robert W. Baird reaffirmed a “neutral” rating and issued a $42.00 target price on shares of Yahoo in a research report on Friday, September 23rd. Bank of America Corp. reaffirmed a “buy” rating and issued a $55.00 target price on shares of Yahoo in a research report on Friday, September 23rd. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $55.00 target price (up from $48.00) on shares of Yahoo in a research report on Monday, September 19th. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $41.50.
Shares of Yahoo (NASDAQ:YHOO) opened at 41.68 on Wednesday. Yahoo has a 12-month low of $26.15 and a 12-month high of $44.92. The stock’s market cap is $39.67 billion. The company’s 50-day moving average is $43.14 and its 200-day moving average is $39.30.
Yahoo (NASDAQ:YHOO) last issued its quarterly earnings data on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. The business had revenue of $857 million for the quarter, compared to the consensus estimate of $1.31 billion. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. On average, equities research analysts anticipate that Yahoo will post $0.49 earnings per share for the current year.
In other Yahoo news, CRO Lisa Utzschneider sold 732 shares of Yahoo stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $43.94, for a total value of $32,164.08. Following the transaction, the executive now owns 605,893 shares in the company, valued at $26,622,938.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.20% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its stake in shares of Yahoo by 55.7% in the second quarter. Quadrant Capital Group LLC now owns 2,918 shares of the digital content provider’s stock worth $100,000 after buying an additional 1,044 shares during the last quarter. PineBridge Investments L.P. acquired a new stake in shares of Yahoo during the second quarter worth $125,000. MCF Advisors LLC raised its stake in shares of Yahoo by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock worth $150,000 after buying an additional 1,740 shares during the last quarter. Glenmede Trust Co. NA raised 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 last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Yahoo during the second quarter worth $199,000. Institutional investors own 73.86% of the company’s stock.
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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