Google Inc. (GOOG/GOOGL) stock coverage was initiated by analysts at Susquehanna with a “Positive” rating. The name was also upgraded to ‘Buy’ from ‘Neutral’ at Monness Crespi & Hardt, and Mizuho, and to ‘Buy’ from ‘Hold’ at Stifel. The upgrades came after the search giant announced the creation of a new company called Alphabet, Inc., which will replace Google as a publicly-traded entity.
Google shares recently gained $24.26 to $657.99. In the past 52 weeks, shares of Mountain View, Calif.-based company have traded between a low of $486.23 and a high of $678.64.
Shares are up 11.42% year-over-year and 20.39% year-to-date.
Analysts at BofA/Merrill (BAC) are out with a report this morning upgrading shares of PDC Energy, Inc. (PDCE) with a ‘Buy‘ from ‘Neutral‘ rating. The name was also upgraded to ‘Buy’ from ‘Accumulate’ at KLR Group, and had its price target raised from $70 to $75 at Topeka Capital Markets.
On valuation measures, PDC Energy Inc. shares are currently priced at 11.32x this year’s forecasted earnings, compared to the industry’s 17.83x earnings multiple. Ticker has a forward P/E of 28.73 and t-12 price-to-sales ratio of 4.32. EPS for the same period is $4.72.
Over the past year, shares of Denver, Colorado-based oil company have traded between a low of $27.91 and a high of $61.41 and are now at $53.48.
Shares are up 26.41% since the beginning of the year.
In a report published Tuesday, Susquehanna analysts initiated coverage on Facebook, Inc. (FB) with a ‘Positive‘ rating and $125 price target. The firm noted a number of key growth drivers including video and ad technology as the basis for its coverage initiation.
On valuation measures, Facebook Inc. Cl A shares currently have a PEG and forward P/E ratio of 1.58 and 33.95, respectively. Price/sales for the same period is 19.57 while EPS is $1.03. Currently there are 38 analysts that rate FB a ‘Buy’ whereas 5 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’. FB has a median Wall Street price target of $110 with a high target of $146.
Investment analysts at Susquehanna initiated coverage on shares of Yahoo! Inc. (YHOO) in a note issued to investors on Tuesday. The firm set a ‘Positive‘ rating and a $49 price target on the stock. The firm’s 12-month base case estimate would suggest a potential upside of about 36% from the stock’s current price of $35.97.
Yahoo! Inc., currently valued at $33.77 billion, has a median Wall Street price target of $50.50 with a high target of $66.00. Approximately 7.20 million shares have changed hands, compared to the stock’s average daily volume of 11.74 million.
In the past 52 weeks, web portal’s shares have traded between a low of $35.15 and a high of $52.62 with the 50-day MA and 200-day MA located at $38.56 and $42.42 levels, respectively. Additionally, shares of YHOO trade at a P/E ratio of 5.00 and have a Relative Strength Index (RSI) and MACD indicator of 33.04 and -0.74, respectively.
Yahoo! Inc. currently prints a year-to-date loss of around 27 percent.