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Monday, September 3, 2012

BMO Cut Facebook stock Price target to $15

Facebook stock Price Target cut $15 : Facebook Inc (NASDAQ:FB) showed worst movement on Friday as its price target cut to $15 from $25 by BMO Capital. The stock is closed at 5.40 percent to a new low of $18.06, as Bank of America-Merrill Lynch as well radically slashed its target on the shares to $23 from $35. In a note to clients, BMO analyst Daniel Salmon described to his own checks that point out weakness in the company’s advertising business, with some advertisers indicating a wish to pause in order to reevaluate the platform.

Salmon wrote that they anticipate investor attention to return to fundamentals after the technical challenges presented by lock-up terminations over the next six months have been absorbed by the stock (possibly offset by several index purchasing at several point), who maintains an underperform rating on the stock.

Facebook Inc (NASDAQ:FB) stock hit highest price at $18.70, beginning with a price of $18.68 and reported decreased -5.40% to the closed at $18.06 with day range of $18.03-$18.70. The total market capitalization remained $38.69 billion, total volume held in the session was 58.76 million shares higher than its average volume of 47.31 million shares.

To check the Stocks ups and downs, FB last week stock price volatility remained 2.38% and month was at 4.42%. FB generated revenue of 4.33 billion in the following twelve months income of $383.00 million. The Company showed a positive 13.29% in the net profit margin and in addition to in its operating margin which remained 13.84%.

The FB past twelve months price to sales ratio was 8.94 and price to cash ratio remained 3.80. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained Yahoo! Inc. (NASDAQ:YHOO)’s P/S 3.48% P/C 9.08%, Zynga Inc (NASDAQ:ZNGA)’s P/S 1.67% P/C 1.75%, Groupon Inc (NASDAQ:GRPN)’s P/S 1.32% P/C 2.29%, Baidu.com, Inc. (ADR) (NASDAQ:BIDU)’s P/S 13.46% P/C 13.55%.

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