Morgan Stanley analysts recently downgraded (NYSE: TWTR) Twitter, Inc.’s target price from an earlier $68.00 to a revised $75.00, as per their report on the company issued this Tuesday, March 30th.
The social networking giant was also marked with a revised “equal weight” rating by the brokerage. The new PT (price target) issued by Morgan Stanley suggests an 8.04% upside since the company’s previous close.
TWTR stocks traded at $62.94 this Tuesday. The company’s current market capitalization stands at $50.24 billion. It has a negative PE ratio of 45.61 along with a beta of 0.86 at the moment. The current ratio is 4.44, the quick ratio at 4.44, and the debt-to-equity ratio at 0.33. The 12-monthly high to low ranges from $80.75 to $22.36. The 50SMA (Simple Moving Average) stands at $68.50 and its 200SMA stands at $52.78.
NYSE: TWTR Detailed Stock Analysis
The quarterly earnings report for the previous fiscal quarter was released by the company on the 9th of February. The earnings stood at $0.38 EPS for that quarter as opposed to the general consensus on the estimated earnings of $0.31 proposed by analysts at Thomson Reuters. The company’s return on equity currently stands at -12.42% along with a net margin of -31.70%.
The estimated income for the firm was marked at $1.19 billion but it made $1.29 billion for the quarter. Available data show that the company’s revenue increased by 28.1% on a y-o-y basis. During the corresponding quarter previous year, the company posted an EPS of 0.25. Analysts expect the company to post Full Year 2020 earnings per share of -1.16.
NYSE: TWTR has recently been subject to a lot of reports by equities analysts. Some such as Citigroup, Inc., Canaccord Genuity, Zacks Investment Research, MKM Partners, and so on have posted reports on this firm over the last few months.
The recent consensus rating of Twitter, Inc. stands at “Hold” and the consensus on the target price is $64.06. Several hedge funds have also altered their shareholdings in the company recently.