Company Update (NASDAQ:YHOO): Traders bet uptrend will continue in Yahoo

[optionMONSTER] – Yahoo has risen sharply in recent months, and traders are looking for the uptrend to continue. optionMONSTER’s tracking program detected the purchase of more than 7,700 August 40 calls for $1.74 to $1.76 … Read more on this. Yahoo! Inc. (YHOO) , valued at $34.36B, started the session at $36.51. Today, shares have traded between $36.15 and $36.98 per share with its 52-week range being $26.15 to $45.07. YHOO shares are currently priced at 73.90x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.35x forward p/e ratio. 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. The full-year EPS estimate is $0.50 which would be a $0.09 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.08 Billion. If reported, that would be a 12.90% 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 by the analysts covering the stock is $40.94, which is 12.13% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! (YHOO) Stock Slumps, Withholding Financial Details from Suitors Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Why traders are buying calls in Yahoo Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo (YHOO) Stock Edges Up After Shutting Down Several Products