Barclays Maintains an 'Equalweight' on AOL, Inc. (AOL); Another Step Closer
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Price: $37.16 -0.51%
Rating Summary:
10 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
10 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade AOL Now!
Barclays maintains an 'Equalweight' on AOL, Inc. (NYSE: AOL) price target of $31.00.
Analyst, Anthony DiClemente, raises FY12 EPS estimate from $1.38 to $1.62 and FY13 from $1.48 to $2.34. DiClemente views the recent Dutch auction ($400 million repurchase) as a positive step toward AOL's goal to return $1.1 billion back to shareholders (in 2012). A dividend may even be in the works to reach that goal. However, the Barclays analyst rated the company/stock at EW because AOL is still in turnaround story, and would wait for a pick up in display business first.
For an analyst ratings summary and ratings history on AOL, Inc. click here. For more ratings news on AOL, Inc. click here.
Shares of AOL, Inc. closed at $27.50 yesterday, with a 52 week range of $10.06-$28.36.
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Analyst, Anthony DiClemente, raises FY12 EPS estimate from $1.38 to $1.62 and FY13 from $1.48 to $2.34. DiClemente views the recent Dutch auction ($400 million repurchase) as a positive step toward AOL's goal to return $1.1 billion back to shareholders (in 2012). A dividend may even be in the works to reach that goal. However, the Barclays analyst rated the company/stock at EW because AOL is still in turnaround story, and would wait for a pick up in display business first.
For an analyst ratings summary and ratings history on AOL, Inc. click here. For more ratings news on AOL, Inc. click here.
Shares of AOL, Inc. closed at $27.50 yesterday, with a 52 week range of $10.06-$28.36.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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