Yahoo! (YHOO) is Reiterated by BofA/Merrill to Buy, Raises Price Target to $ 53

Yahoo! (YHOO) was Reiterated by BofA/Merrill to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 53 from a previous price target of $50 . BofA/Merrill advised their investors in a research report released on Aug 23, 2016.

Many Wall Street Analysts have commented on Yahoo!. Yahoo! was Downgraded by Morgan Stanley to ” Equal-Weight” on Jul 26, 2016. Company shares were Reiterated by RBC Capital Mkts on Jul 19, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 39 from a previous price target of $38 .Company shares were Reiterated by UBS on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $42 .

On the company’s financial health, Yahoo! reported $0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 18, 2016. Analyst had a consensus of $0.10. The company had revenue of $842.00 million for the quarter, compared to analysts expectations of $836.80 million. The company’s revenue was down -19.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.

Yahoo! opened for trading at $42.8 and hit $43.12 on the upside on Friday, eventually ending the session at $43.02, with a gain of 0.28% or 0.12 points. The heightened volatility saw the trading volume jump to 94,60,753 shares. Company has a market cap of $40,946 M.

In a different news, on Aug 15, 2016, Lisa Utzschneider (Chief Revenue Officer) sold 339 shares at $41.15 per share price. According to the SEC, on May 5, 2016, Kenneth A Goldman (Chief Financial Officer) sold 200,000 shares at $36.10 per share price. On Apr 20, 2015, Marissa A Mayer (Chief Executive Officer) sold 100,000 shares at $46.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Yahoo! Inc. is a technology company. The Company is engaged in providing Internet search communication and digital content. The Company manages its business geographically: the Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific. The Company’s products include Search Communications Digital content Flickr and Tumblr. Yahoo Search is a search engine serves as a starting point to navigate the Internet and discover information which is ranked and organized -based on their relevance to the query. Yahoo Mail connects users across mobile phones tablets and PC. offers news and information including Yahoo original content and partner content. Flickr is a Web and mobile photo management and sharing service. Tumblr offers a Web platform and mobile applications (particularly on the iOS and Android platforms) that allow users to create share and curate content. Yahoo is also a digital publisher and advertising technology provider.


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