Market Update (NASDAQ:YHOO): Yahoo! (YHOO) Stock Climbs on Potential Microsoft Deal

[at TheStreet] – Yahoo! (YHOO) stock is higher in morning trading on Monday, as Microsoft (MSFT) reportedly considers contributing to finance to purchase the company. Read more on this. Yahoo! Inc. (YHOO) , with a current value of $33.20B, started trading this morning at $35.39. A quick look at the market, the company’s stock traded between $34.62 and $35.45 with its 52-week range being $26.15 to $46.17. YHOO shares are currently priced at 65.77x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.40x earnings multiple. 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. The full-year EPS estimate is $0.53 which would be a $0.06 setback than last year’s full-year earnings. 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. The average price target for YHOO shares is $37.88, which is 7.04% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update: Microsoft Corporation (NASDAQ:MSFT) – Yahoo! (YHOO) Stock Climbs on Potential Microsoft Deal Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today Stock Update (NASDAQ:YHOO): Will Yahoo! (YHOO) Stock Be Helped by Potential Sale of ‘Non-Core Assets’?