Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s a Reason Yahoo! (YHOO) Stock is Increasing Today

[at TheStreet] – Yahoo! (YHOO) stock is rising after analysts estimated that the company’s core business could be worth more than $8 billion. Read more on this. Yahoo! Inc. (YHOO) , valued at $35.19B, opened at $36.94. During today’s session, YHOO traded between $36.90 to $37.35 with a one year range of $26.15 to $46.13. Priced at 69.17x this year’s forecasted earnings, YHOO shares are relatively expensive compared to the industry’s 20.83x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 34 sell-side analysts are looking at $0.08 per share, which would be $0.07 worse than the year-ago quarter and a $0.06 sequential decrease. Investors should also note that the full-year EPS estimate of $0.53 is a $0.06 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.08 Billion. If realized, that would be a 12.20% decrease over the year-ago quarter. In terms of ratings, Citigroup downgraded YHOO from Buy to Neutral (Mar 22, 2016). Previously, Citigroup upgraded YHOO from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $38.48, which is 4.17% above than it opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! (YHOO) Stock Gains, Time Inc., SoftBank Seek Assets Stock Update (NASDAQ:YHOO): Here’s One Reason Yahoo! (YHOO) Stock is Lower Today Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today