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

Shopify Inc. (TSE:SHO) has earned an average rating of “Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and five have issued a strong buy recommendation on the company.

Several equities analysts have commented on SHO shares. Moffett Nathanson downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 6th. Wolfe Research upgraded Shopify to a “strong-buy” rating in a research report on Tuesday, July 16th. Evercore ISI upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Cantor Fitzgerald upgraded Shopify to a “hold” rating in a research report on Thursday, September 5th. Finally, Redburn Atlantic upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th.

Shopify Stock Performance

Shopify (TSE:SHO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.25 earnings per share for the quarter, topping the consensus estimate of C$0.15 by C$0.10. The business had revenue of C$2.80 billion for the quarter, compared to the consensus estimate of C$2.75 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.