Stock Update (NASDAQ:YHOO): Yahoo! (YHOO) to Sell Santa Clara Land Amid Growth Struggles, Stock Declines

[at TheStreet] – Yahoo! (YHOO) is searching for potential buyers as it looks to sell its 48.6-acre development site in California. Read more on this. Yahoo! Inc. (YHOO) , currently valued at $31.67B, started trading this morning at $34.02. Looking at the equity, the company’s one day range is $33.53 to $34.03 and has traded between $27.20 and $51.68 over the past year. Priced at 57.69x this year’s forecasted earnings, YHOO shares are relatively expensive compared to the industry’s 9.02x forward p/e ratio. According to a consensus of 37 analysts, the earnings estimate of $0.13 per share would be $0.17 worse than the year-ago quarter and a $0.07 sequential decrease. The full-year EPS estimate is $0.59 which would be a $0.98 setback than last year’s full-year earnings. 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. More 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 $42.72, which is 25.57% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – No “Sell” Recommendations from Analysts for Yahoo Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo!, Inc. (Nasdaq: YHOO) to Ring The Nasdaq Stock Market Opening Bell Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! (YHOO) Stock Bounces Back on Analyst Upgrade