KeyBanc Downgrades Rating On Criteo S.A. – American Deposita (CRTO) To “Sector Weight”


Criteo S.A. – American Deposita (NASDAQ:CRTO).

BMO Capital began coverage with an initial rating of “Outperform”. August 3 investment analysts at Deutsche Bank maintained a company rating of “Buy” but raised the price expectation to $65.00 from $54.00.

On October 2 Morgan Stanley left the company rating at “Equal-Weight” but moved up the price target from $36.00 to $46.00.

The company is down from yesterday’s close of 46.14. Company shares are trading at $44.07 a tad higher than $44.00, the stock’s 50 day moving average and just a bit lower than the 200 day moving average of $48.70. The 50 day moving average went up by +0.16% and the 200 day average went down by -9.50%.

Criteo S.A., launched on October 19, 2005, is a global technology company specializing in digital performance marketing. The Business’s solution consists of the Criteo Engine, the Business’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 Company 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..

Criteo S.A. – American Deposita currently has a P/E ratio of 41.54 and market cap is 2.71B. As of the latest earnings report the EPS was $1.06 and is expected to be $2.43 for the current year with 61,580,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $1.01 and the next full year EPS is anticipated to be $3.00.

Traders are a little more bearish of late if you take into consideration the change in short interest. The stock saw a rise in short interest between September 15, 2017 and September 29, 2017 of 4.47%. Short shares increased from 8,073,768 to 8,434,749 over that timeframe. The days to cover increased to 7.0 and the percentage of shorted shares was 0.13% on September 29.