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

Shopify (TSE:SHO) was downgraded by equities researchers at Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

SHO has been the topic of several other reports. Redburn Atlantic raised 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. Cantor Fitzgerald raised Shopify to a “hold” rating in a report on Thursday, September 5th. Evercore ISI raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Argus raised Shopify to a “strong-buy” rating in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and five have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company 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 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.13. The company had revenue of C$2.95 billion for 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.