Web.com (WEB) PT Lowered to $29 at RBC Capital Following Mixed Q3

November 4, 2016 7:15 AM EDT
Get Alerts WEB Hot Sheet
Price: $19.30 -0.77%

Rating Summary:
    2 Buy, 3 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade WEB Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

RBC Capital analyst Andrew Bruckner lowered his price target on Sector Perform-rated Web.com, Inc. (NASDAQ: WEB) to $19.00 (from $23.00) following Q3 results with Revenue missing management’s guidance and the Street and another guide down for FY16 Revenue; though EBITDA was better than expected. Management announced a new $100MM stock repurchase authorization. While valuation remains reasonable.

"While valuation remains reasonable, we remain Sector Perform, as we wait to see the operational restructuring yield results. PT to $19," Bruckner commented.

For an analyst ratings summary and ratings history on Web.com, Inc. click here. For more ratings news on Web.com, Inc. click here.

Shares of Web.com, Inc. closed at $15.55 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

RBC Capital

Add Your Comment