Company Update (NASDAQ:YHOO): Yahoo is a dangerous investment: RBC managing director

[at CNBC] – An RBC managing director stopped by “The Pulse” to discuss the troubled Yahoo bidding war and tech stocks in general. Read more on this. Yahoo! Inc. (YHOO) , with a current value of $35.79B, started the session at $37.03. During the trading session, YHOO traded between $36.89 to $37.72 with a trailing 52-week range being $26.15 to $44.66. YHOO shares are currently priced at 72.96x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.98x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 33 sell-side analysts are looking at $0.10 per share, which would be $0.06 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $0.50, which would be a $0.09 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.08 Billion. If reported, that would be a 12.90% decrease over the year-ago quarter. More recently, Citigroup downgraded YHOO from Buy to Neutral (Mar 22, 2016). Previously, Citigroup upgraded YHOO from Neutral to Buy. The average price target for YHOO shares is $41.09, which is 10.96% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! (YHOO) Stock Slumps, Withholding Financial Details from Suitors Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo (YHOO) Stock Edges Up After Shutting Down Several Products Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo: An Activist Investment Analysis (YHOO)