Roth Capital Cuts Changyou.com Ltd to Neutral (CYOU)

Changyou.com Ltd (NASDAQ: CYOU) was downgraded by analysts at Roth Capital from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Piper Jaffray (NYSE: PJC) reiterated an “overweight” rating on shares of Changyou.com Ltd in a research note to investors on Monday. They now have a $43.00 price target on the stock. Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a “neutral” rating on shares of Changyou.com Ltd in a research note to investors on Monday, April 16th. They now have a $28.00 price target on the stock. Finally, analysts at Goldman Sachs (NYSE: GS) downgraded shares of Changyou.com Ltd from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, February 7th. They now have a $45.00 price target on the stock, up previously from $28.00.

Changyou.com Ltd traded down 4.18% on Tuesday, hitting $23.86. Changyou.com Ltd has a 1-year low of $20.71 and a 1-year high of $52.00. The company has a market cap of $1.259 billion and a price-to-earnings ratio of 5.41.

The company last announced its quarterly results on Monday, April 30th. It reported $1.24 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.11 EPS by $0.13. The company’s quarterly revenue was up 30.4% on a year-over-year basis. Analysts expect that Changyou.com Ltd will post $1.15 EPS next quarter.

Changyou.com Limited (Changyou) is online game developer and operator in the People’s Republic of China.

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