Stock Update (NASDAQ:YHOO): Yahoo sale of core assets could see shares jump 35 pct: Barron’s

[Reuters] – Increased shareholder pressure on Yahoo Inc to sell its core Internet business could also lead to sales of its stakes in Chinese e-commerce company Alibaba and Yahoo Japan Corp, according to the latest edition of Barron’s. The sale of its core business, and its stakes in Alibaba and Yahoo Japan, could see Yahoo’s stock price jump to $40 a share, an almost 35 percent gain from Friday’s close of $29.14. Yahoo’s shares look appealing because the company’s estimated asset value is nearly $48 a share, Barron’s said. Read more on this. Yahoo! Inc. (YHOO) , valued at $27.52B, started trading this morning at $29.27. Today, shares have traded between $28.58 and $29.77 per share with the price of the stock fluctuating between $27.20 to $50.32 over the last 52 weeks. Yahoo (YHOO) shares are currently priced at 49.39x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.46x earnings multiple for the same period. Consensus earnings for the current quarter by the 36 sell-side analysts covering the stock is an estimate of $0.13 per share, which would be $0.17 worse than the year-ago quarter and a $0.07 sequential decrease. Investors should also note that the full-year EPS estimate of $0.59 is a $0.98 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.19 Billion. If reported, that would be a 0.85% increase over the year-ago quarter. Recently, Mizuho downgraded YHOO from Buy to Neutral (Oct 21, 2015). Previously, Bernstein upgraded YHOO from Mkt Perform to Outperform. With the above information in mind, readers should note that the average price target is $42.53, which is 45.30% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Company Update (NASDAQ:YHOO): Yahoo Seen Having The Assets For A Turnaround Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo Considering Sale Of Main Business: Report Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Hedge Fund Manager: Yahoo Partying Like 1999, But Core Business In ‘Stomach-Churning Nose Dive’