Canaccord Genuity Maintains a 'Buy' on Zillow (Z); Adjusting PT/Estimates After Equity Offering
Tweet Send to a FriendGet Alerts Z Hot Sheet
Price: $55.86 -3.04%
Rating Summary:
7 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
7 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade Z Now!
Canaccord Genuity maintains a 'Buy' on Zillow (NASDAQ: Z) price target of $50.00 (from $45.00).
Analyst, Michael Graham, said, "We have updated our estimates to reflect the company’s $172M offering. We believe the offering provides Zillow with more flexibility to execute on its multi-year strategy of penetrating several markets with multi-billion-dollar potential."
"Based on the higher share count which is slightly offset by higher interest income, our 2012, 2013 and 2014 EPS estimates go to $0.35, $0.72, and $1.32, from $0.35, $0.78, and $1.42."
For an analyst ratings summary and ratings history on Zillow click here. For more ratings news on Zillow click here.
Shares of Zillow closed at $42.63 yesterday, with a 52 week range of $21.22-$44.23.
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
Analyst, Michael Graham, said, "We have updated our estimates to reflect the company’s $172M offering. We believe the offering provides Zillow with more flexibility to execute on its multi-year strategy of penetrating several markets with multi-billion-dollar potential."
"Based on the higher share count which is slightly offset by higher interest income, our 2012, 2013 and 2014 EPS estimates go to $0.35, $0.72, and $1.32, from $0.35, $0.78, and $1.42."
For an analyst ratings summary and ratings history on Zillow click here. For more ratings news on Zillow click here.
Shares of Zillow closed at $42.63 yesterday, with a 52 week range of $21.22-$44.23.
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
You May Also Be Interested In
- Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
- MKM Partners Lifts PT on KB Home (KBH) After Management Meetings
- Hewlett-Packard (HPQ) Q2 Performance Wins Praise on Wall Street; Jefferies Raises to Hold
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Canaccord Genuity
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
