Market Update (NASDAQ:YHOO): Yahoo Sets April 11 Deadline for Takeout Bids (YHOO)

[at Investopedia] – It is now clear Yahoo management no longer believes it can operate as a standalone company. Read more on this. Yahoo! Inc. (YHOO) , with a current market cap of $33.47B, began trading this morning at $35.28. During today’s session, YHOO traded between $35.01 to $35.44 and has traded between $26.15 and $46.17 over the past year. YHOO shares are currently priced at 66.47x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.40x 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. Furthermore, our analysis shows the full-year EPS estimate to be $0.53, which would be a $0.06 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.08 Billion. If reported, that would be a 12.20% decrease over the year-ago quarter. More recently, Citigroup downgraded YHOO from Buy to Neutral (Mar 22, 2016). Previously, Citigroup upgraded YHOO from Neutral to Buy. Investors should keep in mind is that the average price target is $37.88, which is 7.37% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update: Yahoo! Inc. (NASDAQ:YHOO) – How Yahoo Is Trying To Drive Revenues For Tumblr? 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