Shopify (TSE:SHO) Cut to Hold at Atb Cap Markets

Atb Cap Markets lowered shares of Shopify (TSE:SHO) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

A number of other analysts also recently commented on the stock. Redburn Atlantic upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 17th. Wolfe Research raised Shopify to a “strong-buy” rating in a report on Tuesday, July 16th. Argus raised Shopify to a “strong-buy” rating in a research note on Thursday, August 8th. Cantor Fitzgerald raised Shopify to a “hold” rating in a research note on Thursday, September 5th. Finally, Evercore ISI upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and five have given a strong buy rating to the stock. According to MarketBeat.com, Shopify currently has an average rating of “Buy”.

Shopify Stock Performance

Shopify (TSE:SHO) last released its earnings results on Tuesday, November 12th. The company reported C$0.37 earnings per share for the quarter, beating the consensus estimate of C$0.24 by C$0.13. The firm had revenue of C$2.95 billion during the quarter, compared to analysts’ expectations of C$2.90 billion.

Shopify Company Profile

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.