Analysts at Tigress Financial are out with a report this morning upgrading shares of Facebook, Inc. (FB) with a ‘Strong Buy’ from ‘Buy’ rating.
On valuation measures, Facebook Inc. Cl A shares are currently priced at 69.90x this year’s forecasted earnings, compared to the industry’s 2.21x earnings multiple. Ticker has a forward P/E of 24.77 and t-12 price-to-sales ratio of 16.52. EPS for the same period is $1.64.
In the past 52 weeks, shares of Menlo Park, California-based social networking giant have traded between a low of $72.00 and a high of $121.08 and are now at $114.29.
Shares are up 33.10% year-over-year and 9.08% year-to-date.
Analysts at MKM Partners upgraded their rating on the shares of Yelp Inc. (YELP). In a research note the firm lifted the name with a ‘Buy’ from ‘Neutral’ rating and set a 12-month base case estimate of $40 per share. MKM thinks a rebound in sales productivity will drive continued momentum in revenue growth.
Currently there are 12 analysts that rate YELP a ‘Buy’, 21 rate it a ‘Hold’. Two analysts rate it a ‘Sell’. YELP has a median Street price target of $25.00 with a high target of $46.00.
Yelp shares were up a more than 3% at $30.11 in Thursday trades.
The Priceline Group Inc. (PCLN) was raised to ‘Overweight’ from ‘Equal-Weight’ with a $1,525 price target at Morgan Stanley (MS).
PCLN is up $5.73 at $1,245.14 on strong volume. Midway through trading Thursday, 630K shares of Priceline Group Inc. have exchanged hands as compared to its average daily volume of 623K shares. The stock has ranged in a price between $1,243.56-$1,274.93 after having opened the day at $1,271.25.
In the past 52 weeks, shares of Norwalk, Connecticut-based company have traded between a low of $954.02 and a high of $1,476.52.
Shares are up 7.65% year-over-year ; down 2.79% year-to-date.
Radian Group Inc. (RDN) was upgraded to ‘Outperform’ from ‘Market Perform’ by FBR Capital analysts. The firm believes valuation levels are unjustified compared to the overall return potential.
RDN shares have declined 20.31% in the last 4 weeks and 20.22% in the past three months. Over the past 5 trading sessions the stock has lost 6.34%. Philadelphia, Pennsylvania-based company has a median Street price target of $16.00 with a high target of $22.00. Radian Group Inc. is down 47.23% year-over-year, compared with a 0.29% loss in the S&P 500.
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