November 25, 2016 - By Richard Conner
Expert analysts at Berenberg Bank have $63.00 target price per share on Criteo SA (NASDAQ:CRTO). Berenberg Bank’s target price per share would indicate a potential upside of 47.51% from the company’s close price. The rating was released in a note on Friday, 25 November.
Out of 13 analysts covering Criteo SA (NASDAQ:CRTO), 10 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 77% are positive. $63 is the highest target while $10 is the lowest. The $49.17 average target is 15.13% above today’s ($42.71) stock price. Criteo SA has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Morgan Stanley initiated Criteo SA (ADR) (NASDAQ:CRTO) rating on Tuesday, January 26. Morgan Stanley has “Equal-Weight” rating and $36 price target. Cowen & Co maintained Criteo SA (ADR) (NASDAQ:CRTO) on Monday, September 21 with “Outperform” rating. The stock of Criteo SA (ADR) (NASDAQ:CRTO) has “Positive” rating given on Monday, August 10 by Susquehanna. On Thursday, September 3 the stock rating was maintained by Evercore with “Hold”. The company was initiated on Tuesday, October 18 by Berenberg. The firm earned “Neutral” rating on Tuesday, September 6 by Susquehanna. RBC Capital Markets maintained Criteo SA (ADR) (NASDAQ:CRTO) rating on Thursday, November 5. RBC Capital Markets has “Outperform” rating and $59 price target. The stock has “Outperform” rating given by Boenning & Scattergood on Friday, February 5. On Thursday, August 4 the stock rating was maintained by Jefferies with “Buy”. The rating was initiated by Suntrust Robinson with “Buy” on Tuesday, December 22.
The stock increased 0.16% or $0.07 during the last trading session, hitting $42.71. About 171,359 shares traded hands. Criteo SA (ADR) (NASDAQ:CRTO) has risen 2.75% since April 22, 2016 and is uptrending. It has underperformed by 2.66% the S&P500.
Analysts await Criteo SA (ADR) (NASDAQ:CRTO) to report earnings on February, 8. They expect $0.57 earnings per share, down 3.39% or $0.02 from last year’s $0.59 per share. CRTO’s profit will be $36.30M for 18.73 P/E if the $0.57 EPS becomes a reality. After $0.27 actual earnings per share reported by Criteo SA (ADR) for the previous quarter, Wall Street now forecasts 111.11% EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.27, from 1.26 in 2016Q1. The ratio dropped, as 15 funds sold all Criteo SA (ADR) shares owned while 46 reduced positions. 34 funds bought stakes while 43 increased positions. They now own 39.87 million shares or 12.70% more from 35.38 million shares in 2016Q1.
Barclays Public Ltd Llc has invested 0% of its portfolio in Criteo SA (ADR) (NASDAQ:CRTO). Weiss Multi holds 0.07% or 20,000 shares in its portfolio. Us Bancorp De last reported 56,861 shares in the company. Natl Bank Of Ny Mellon Corporation has 0% invested in the company for 116,170 shares. Moreover, Alken Asset Management Limited has 20.93% invested in Criteo SA (ADR) (NASDAQ:CRTO) for 719,226 shares. Moreover, Wells Fargo And Co Mn has 0% invested in Criteo SA (ADR) (NASDAQ:CRTO) for 448 shares. Gam Ag owns 306,700 shares or 0.22% of their US portfolio. Fiera Capital has 245,806 shares for 0.06% of their US portfolio. Oppenheimer And, a New York-based fund reported 44,068 shares. Artisan Prtnrs Lp owns 101,756 shares or 0.01% of their US portfolio. Moreover, Sg Americas Secs Ltd Llc has 0.03% invested in Criteo SA (ADR) (NASDAQ:CRTO) for 90,644 shares. Cornerstone Cap Management Limited Liability Company, a Minnesota-based fund reported 513,442 shares. Bnp Paribas Arbitrage has 0% invested in the company for 3,267 shares. Fourpoints Investment Managers Sas accumulated 3.81% or 118,687 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt Corporation last reported 35,640 shares in the company.
Criteo SA is a France-based company specializing in digital performance marketing. The company has a market cap of $2.72 billion. The Company’s solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. It has a 35.56 P/E ratio. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.
According to Zacks Investment Research, “Criteo SA is a global technology company that specializes in performance display advertising. The Company offers clients a range of solutions such as click per cost, online banner displays, user optimization, data security, and search management tools to control campaign costs. It serves companies in the online retail, classifieds, and travel segments. Criteo SA is headquartered in Paris, France.”
Criteo S.A., incorporated on October 19, 2005, is a global technology firm specializing in digital performance marketing. The Company’s solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure. The Firm operates in approximately 90 countries through a network of over 30 international offices located in Europe, the Americas and the Asia-Pacific region. The Criteo Engine delivers advertisements through multiple marketing channels and formats, including display advertising banners, native advertising banners and marketing messages delivered to opt-in e-mail addresses. Advertisements are delivered on all devices and screens, including Web browsers on desktops and laptops, mobile Web browsers on smartphones and tablets, as well as mobile applications.
More notable recent Criteo SA (ADR) (NASDAQ:CRTO) news were published by: Fool.com which released: “Criteo SA (ADR) Serves Up Another Quarterly Beat” on May 05, 2016, also Fool.com with their article: “Why Shares of Criteo SA (ADR) Jumped Today” published on February 10, 2016, Fool.com published: “Criteo SA (ADR) Crumbles Despite Another Solid Quarter” on November 05, 2015. More interesting news about Criteo SA (ADR) (NASDAQ:CRTO) were released by: Quotes.Wsj.com and their article: “DOW JONES, A NEWS CORP COMPANY” published on September 21, 2011 as well as Fool.com‘s news article titled: “Why Criteo SA (ADR) Stock Soared” with publication date: August 29, 2014.
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