Yahoo Inc. (YHOO) Given a $52.00 Price Target at Credit Suisse Group AG
Credit Suisse Group AG set a $52.00 price objective on Yahoo Inc. (NASDAQ:YHOO) in a research note published on Monday morning. The brokerage currently has a a neutral rating on the digital content provider’s stock.
A number of other research analysts have also weighed in on YHOO. Susquehanna reissued a positive rating and issued a $44.00 price objective on shares of Yahoo in a report on Wednesday, June 22nd. Vetr downgraded Yahoo from a strong-buy rating to a buy rating and set a $41.87 target price on the stock. in a research note on Monday, July 4th. Needham & Company LLC restated a buy rating and issued a $40.00 target price on shares of Yahoo in a research note on Tuesday, July 5th. SunTrust Banks Inc. restated a buy rating and issued a $44.00 target price (up previously from $42.00) on shares of Yahoo in a research note on Wednesday, July 6th. Finally, Cantor Fitzgerald restated a buy rating on shares of Yahoo in a research note on Saturday, July 9th. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and sixteen have given a buy rating to the company’s stock. Yahoo has an average rating of Hold and a consensus price target of $41.04.
Yahoo (NASDAQ:YHOO) traded up 1.60% during mid-day trading on Monday, reaching $42.46. The company’s stock had a trading volume of 2,316,435 shares. The firm’s 50 day moving average is $43.16 and its 200-day moving average is $39.26. Yahoo has a 12-month low of $26.15 and a 12-month high of $44.92. The company’s market cap is $40.41 billion.
Yahoo (NASDAQ:YHOO) last announced its quarterly earnings data on Monday, July 18th. The digital content provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The firm earned $842 million during the quarter, compared to analyst estimates of $1.08 billion. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The firm’s revenue for the quarter was down 19.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. Equities analysts anticipate that Yahoo will post $0.49 earnings per share for the current fiscal year.
In other Yahoo news, CRO Lisa Utzschneider sold 732 shares of the stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $39.01, for a total transaction of $28,555.32. Following the transaction, the executive now owns 618,268 shares of the company’s stock, valued at approximately $24,118,634.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 9.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Yahoo by 2.2% in the second quarter. Vanguard Group Inc. now owns 53,298,983 shares of the digital content provider’s stock worth $2,001,909,000 after buying an additional 1,126,726 shares in the last quarter. State Street Corp raised its position in shares of Yahoo by 9.9% in the first quarter. State Street Corp now owns 36,235,550 shares of the digital content provider’s stock worth $1,333,822,000 after buying an additional 3,253,009 shares in the last quarter. Canyon Capital Advisors LLC raised its position in shares of Yahoo by 66.9% in the second quarter. Canyon Capital Advisors LLC now owns 18,572,403 shares of the digital content provider’s stock worth $697,579,000 after buying an additional 7,445,247 shares in the last quarter. TCI Fund Management Ltd. acquired a new position in shares of Yahoo during the first quarter worth $530,211,000. Finally, Natixis raised its position in shares of Yahoo by 33.7% in the first quarter. Natixis now owns 14,099,072 shares of the digital content provider’s stock worth $518,987,000 after buying an additional 3,552,539 shares in the last quarter. 73.86% of the stock is currently owned by institutional investors.
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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