Investment analysts at Stifel Nicolaus increased their price objective on shares of Yahoo! (NASDAQ:YHOO) from $40.00 to $49.00 in a note issued to investors on Friday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 23.77% from the company’s current price.
A number of other firms have also recently commented on YHOO. Analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Tuesday. Finally, analysts at Citigroup Inc. raised their price target on shares of Yahoo! from $39.00 to $46.00 in a research note to investors on Tuesday, December 17th. Nineteen analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.87.
Shares of Yahoo! (NASDAQ:YHOO) opened at 39.59 on Friday. Yahoo! has a one year low of $18.89 and a one year high of $41.05. The stock’s 50-day moving average is $38.34 and its 200-day moving average is $31.65. The company has a market cap of $40.162 billion and a P/E ratio of 34.89. Yahoo! also saw some unusual options trading activity on Tuesday. Investors bought 78,975 put options on the stock. This represents an increase of approximately 293% compared to the typical volume of 20,074 put options.
Yahoo! (NASDAQ:YHOO) last announced its earnings results on Tuesday, October 15th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.01. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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