Facebook, Inc. (NASDAQ:FB):
Harwood Feffer LLP Announces Investigation of Facebook, Inc..
The company is trading up by 0.43% since yesterday’s close of $127.31.
The stock is trading at $127.86 just a bit higher than the 50 day moving average of $126.51 and a tad higher than the 200 day moving average of $118.68. The 50 day moving average moved up $1.54 and the 200 day average moved up $9.37.
Facebook, Inc. currently has a P/E ratio of 61.21 and market capitalization is 367.72B. In the latest earnings report the EPS was $2.09 and is projected to be $3.94 for the current year with 2,871,664,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $1.24 and the next full year EPS is projected to be $5.07.
Investors are feeling more bearish on shares of the company at least if you consider the increase in short interest. The stock recorded a rise in short interest of 0.10% as of September 15, 2016 from the last reporting period. Short interest increased 1,930,695 over that timeframe. With short interest at 20,492,583 and short average daily volume at 19,283,749, the short-interest ratio is 1.1 and the percentage of shorted shares is 0.01% as of September 15.
Several brokerage analysts have released ratings on the stock of late. September 27 investment analysts at JP Morgan maintained a company rating of “Overweight” and raised the price expectation from $154.00 to $175.00. On September 23, 2016 Loop Capital added FB to its research portfolio giving it an initial rating of “Buy” and a price target of $165.00.
On September 19 Citigroup held the company rating at “Buy” and raised the price target to $158.00 from $154.00. On September 7 Morgan Stanley maintained a stock rating of “Overweight” and moved up the price target from $154.00 to $160.00.
On July 28 Oppenheimer kept the stock rating at “Outperform” but lowered the price expectation from $155.00 to $154.00. July 28 investment analysts at CLSA held the stock rating at “Outperform” but moved up the price target from $150.00 to $154.00.