Shopify Inc. (TSE:SHO) Given Consensus Recommendation of “Buy” by Brokerages

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

SHO has been the topic of a number of recent analyst reports. Atb Cap Markets cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Argus upgraded shares of Shopify to a “strong-buy” rating in a report on Thursday, August 8th. Redburn Atlantic upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 17th. Evercore ISI upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Cantor Fitzgerald upgraded shares of Shopify to a “hold” rating in a report on Thursday, September 5th.

Shopify Price Performance

Shopify (TSE:SHO) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.24 by C$0.13. The company had revenue of C$2.95 billion for 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.