Shopify (TSE:SHO) Stock Rating Lowered by Atb Cap Markets

Atb Cap Markets downgraded shares of Shopify (TSE:SHO) from a strong-buy rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Redburn Atlantic upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 17th. Argus raised shares of Shopify to a “strong-buy” rating in a report on Thursday, August 8th. Wolfe Research upgraded Shopify to a “strong-buy” rating in a research note on Tuesday, July 16th. Cantor Fitzgerald upgraded Shopify to a “hold” rating in a research note on Thursday, September 5th. Finally, Evercore ISI raised 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Shopify Stock Performance

Shopify (TSE:SHO) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$0.37 earnings per share (EPS) 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.