Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo! (YHOO) Stock is Up Today, Jim Cramer Comments

[at TheStreet] – Yahoo! (YHOO) stock is gaining on Monday as the parent company of the Daily Mail is in talks with potential partners about a joint bid for the company’s internet assets. Read more on this. Yahoo! Inc. (YHOO) , valued at $34.56B, started trading this morning at $36.38. Looking at the stock, its one day range is $36.32 to $36.82 with a one year range of $26.15 to $46.13. YHOO shares are currently priced at 68.06x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 20.83x forward p/e ratio. Consensus earnings for the current quarter by the 35 sell-side analysts covering the stock is an estimate of $0.07 per share, which would be $0.08 worse than the year-ago quarter and a $0.07 sequential decrease. What we find to be interesting is 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. 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 by the analysts covering the stock is $38.03, which is 4.54% above where the stock 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 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