Shopify (TSE:SHO) Downgraded by Atb Cap Markets to “Hold”

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.

SHO has been the topic of a number of other research reports. Argus raised 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 research report on Tuesday, September 17th. Cantor Fitzgerald raised Shopify to a “hold” rating in a report on Thursday, September 5th. Wolfe Research raised shares of Shopify to a “strong-buy” rating in a research note on Tuesday, July 16th. 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, the stock has a consensus rating of “Buy”.

Shopify Stock Performance

Shopify (TSE:SHO) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.37 EPS for the quarter, beating analysts’ consensus estimates 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.

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.