Qihoo 360 Technology Co Lowered to “Neutral” at Zacks (QIHU)

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Qihoo 360 Technology Co (NASDAQ:QIHU) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday. They currently have a $105.30 price target on the stock. Zacks‘s target price would suggest a potential upside of 6.36% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at STANDARD CHARTERED.5 upgraded shares of Qihoo 360 Technology Co from an “underperform” rating to an “outperform” rating in a research note on Thursday, May 29th. They now have a $104.00 price target on the stock, up previously from $80.00. Separately, analysts at Citigroup Inc. raised their price target on shares of Qihoo 360 Technology Co from $160.00 to $165.00 in a research note on Thursday, May 29th. They now have an “outperform” rating on the stock. Finally, analysts at Matrix Group cut their price target on shares of Qihoo 360 Technology Co from $130.00 to $100.00 in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $113.02.

Shares of Qihoo 360 Technology Co (NASDAQ:QIHU) opened at 95.45 on Tuesday. Qihoo 360 Technology Co has a one year low of $61.70 and a one year high of $124.42. The stock’s 50-day moving average is $91.76 and its 200-day moving average is $94.31. The company has a market cap of $11.708 billion and a price-to-earnings ratio of 89.43.

Qihoo 360 Technology Co (NASDAQ:QIHU) last released its earnings data on Tuesday, May 27th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.20. The company had revenue of $265.10 million for the quarter, compared to the consensus estimate of $228.20 million. During the same quarter last year, the company posted $0.14 earnings per share. Qihoo 360 Technology Co’s revenue was up 141.3% compared to the same quarter last year. Analysts expect that Qihoo 360 Technology Co will post $2.48 EPS for the current fiscal year.

Qihoo 360 Technology Co Ltd (NASDAQ:QIHU), formerly Qihoo Technology Company Limited, is engaged in the operations of Internet services and sales of third party anti-virus software in the People’s Republic of China.

To view Zacks’ full report, visit Zacks’ official website.

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