Yahoo Inc. (YHOO) Price Target Increased to $45.00 by Analysts at Royal Bank Of Canada
Yahoo Inc. (NASDAQ:YHOO) had its price objective upped by equities researchers 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 indicates a potential upside of 7.97% from the company’s previous close.
YHOO has been the topic of several other research reports. Citigroup Inc. reissued a “buy” rating on shares of Yahoo in a research note on Monday, September 26th. Jefferies Group reissued a “buy” rating on shares of Yahoo in a research note on Monday, July 11th. Nomura set a $39.00 target price on Yahoo and gave the stock a “neutral” rating in a research note on Tuesday, July 19th. Macquarie lowered Yahoo from an “outperform” rating to a “neutral” rating and set a $39.00 target price on the stock. in a research note on Monday, July 25th. Finally, Vetr lowered Yahoo from a “hold” rating to a “sell” rating and set a $41.44 target price on the stock. in a research note on Thursday, August 18th. Two equities research 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 company. The company currently has a consensus rating of “Hold” and an average price target of $41.50.
Shares of Yahoo (NASDAQ:YHOO) opened at 41.68 on Wednesday. The stock’s market cap is $39.67 billion. Yahoo has a 52 week low of $26.15 and a 52 week high of $44.92. The stock’s 50 day moving average price is $43.14 and its 200-day moving average price is $39.30.
Yahoo (NASDAQ:YHOO) last released its quarterly earnings results on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. The business earned $857 million during the quarter, compared to analysts’ expectations of $1.31 billion. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. The company’s revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 EPS. 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 business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $42.84, for a total transaction of $31,358.88. Following the transaction, the executive now owns 612,081 shares in the company, valued at $26,221,550.04. The sale was disclosed in a legal 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. TCI Fund Management Ltd. acquired a new position in Yahoo during the first quarter valued at approximately $530,211,000. Natixis boosted its position in Yahoo by 33.7% in the first quarter. Natixis now owns 14,099,072 shares of the digital content provider’s stock valued at $518,987,000 after buying an additional 3,552,539 shares during the period. Jericho Capital Asset Management L.P. acquired a new position in Yahoo during the first quarter valued at approximately $123,399,000. Legal & General Group Plc boosted its position in Yahoo by 4.2% in the first quarter. Legal & General Group Plc now owns 3,837,177 shares of the digital content provider’s stock valued at $141,245,000 after buying an additional 155,635 shares during the period. Finally, Pax World Management LLC boosted its position in Yahoo by 3.7% in the second quarter. Pax World Management LLC now owns 50,274 shares of the digital content provider’s stock valued at $1,888,000 after buying an additional 1,800 shares during the period. 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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