Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Offers for Yahoo Ranged From $4-8 Billion

[at Bloomberg] – SK Ventures partner Paul Kedrosky discusses how Yahoo will narrow down 10 initial offers for the company with Emily Chang on “Bloomberg West.” (Source: Bloomberg) Read more on this. Yahoo! Inc. (YHOO) , valued at $35.49B, started trading this morning at $37.50. Looking at today’s trading action, the company’s one day range from $37.16 to $38.09 with a one year range of $26.15 to $45.10. YHOO shares are currently priced at 75.34x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.23x earnings multiple. According to a consensus of 34 analysts, the earnings estimate of $0.10 per share would be $0.06 worse than the year-ago quarter and a $0.04 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $0.50 would be a $0.09 worse when compared to the previous year’s annual results. 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. In terms of ratings, Citigroup downgraded YHOO from Buy to Neutral (Mar 22, 2016). Previously, Citigroup upgraded YHOO from Neutral to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $40.94, which is 9.17% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s a Reason Yahoo! (YHOO) Stock is Increasing Today Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! (YHOO) Stock Gains, Time Inc., SoftBank Seek Assets Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today
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