Shopify Inc. (TSE:SHO) Receives Consensus Rating of “Buy” from Brokerages

Shopify Inc. (TSE:SHO) has been given an average rating of “Buy” by the ten ratings firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and five have issued a strong buy rating on the company.

Several brokerages recently issued reports on SHO. Atb Cap Markets cut Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Redburn Atlantic upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th. Evercore ISI raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Argus raised Shopify to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Cantor Fitzgerald upgraded shares of Shopify to a “hold” rating in a research note on Thursday, September 5th.

Shopify Stock Performance

Shopify (TSE:SHO) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$0.37 earnings per share for the quarter, topping the consensus estimate of C$0.24 by C$0.13. The business had revenue of C$2.95 billion during the quarter, compared to analyst estimates of C$2.90 billion.

About Shopify

Sunstone Hotel Investors, Inc is a lodging real estate investment trust (“REIT”) that as of the date of this release has interests in 19 hotels comprised of 9,997 rooms. Sunstone’s business is to acquire, own, asset manage and renovate or reposition hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.