Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! (YHOO) Stock Gains, Time Inc., SoftBank Seek Assets

[at TheStreet] – Yahoo! (YHOO) stock is higher in afternoon trading on Monday as Time Inc. (TIME) and SoftBank (SFTBF) are reportedly interested in the company’s assets. Read more on this. Yahoo! Inc. (YHOO) , with a current market cap of $35.07B, started trading this morning at $36.55. Today’s price range has been between $36.54 and $37.50 per share and has traded between $26.15 and $46.17 over the past 12 months. YHOO shares are currently priced at 68.83x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.35x forward p/e ratio. According to a consensus of 35 analysts, the earnings estimate of $0.07 per share would be $0.08 worse than the year-ago quarter and a $0.07 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. When considering if perhaps the stock is under or overvalued, the average price target is $37.88, which is 3.64% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo (YHOO) Stock Edges Up After Shutting Down Several Products Stock Update (NASDAQ:YHOO): Will Yahoo! (YHOO) Stock Be Helped by Potential Sale of ‘Non-Core Assets’?