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

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

A number of other analysts have also recently commented on SHO. Cantor Fitzgerald upgraded shares of Shopify to a “hold” rating in a research report on Thursday, September 5th. Redburn Atlantic raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 17th. Evercore ISI upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 8th. Wolfe Research upgraded shares of Shopify to a “strong-buy” rating in a research note on Tuesday, July 16th. Finally, Argus upgraded shares of Shopify to a “strong-buy” rating in a research note 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 company. According to MarketBeat, the stock presently has an average 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 firm had revenue of C$2.95 billion during the quarter, compared to the consensus estimate 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.