Market Update (NASDAQ:YHOO): Yahoo Averts Proxy War in Starboard Board Pact

[at Bloomberg] – Yahoo has agreed to name four directors to its board that were nominated by Starboard Value LP, eliminating the threat of a proxy war with the activist investor. Bloomberg’s Erik Schatzker has the details … Read more on this. Yahoo! Inc. (YHOO) , with a current value of $35.23B, finished at $37.11. Shares have traded today between $37.20 and $37.59 per share with a one year range of $26.15 to $45.07. YHOO shares are currently priced at 74.22x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.73x earnings multiple. According to a consensus of 34 analysts, the earnings estimate of $0.10 per share would be $0.06 worse than the year-ago quarter and a $0.04 sequential decrease. Investors should also note that the full-year EPS estimate of $0.50 is a $0.09 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 12.90% 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. When considering if perhaps the stock is under or overvalued, the average price target is $40.94, which is 10.32% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s a Reason Yahoo! (YHOO) Stock is Increasing Today Market Update (NASDAQ:YHOO): Starboard launches proxy fight to remove entire Yahoo board Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today