Criteo SA Receives a Hold from BMO Capital

By Jason Carr

In a report released yesterday, Daniel Salmon from BMO Capital reiterated a Hold rating on Criteo SA (NASDAQ: CRTO), with a price target of $32. The company’s shares closed yesterday at $30.25.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 18.5% and a 75.8% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Publicis Groupe SA, and Factset Research.

Currently, the analyst consensus on Criteo SA is Moderate Buy and the average price target is $28, representing a -7.4% downside.

In a report issued on February 13, Susquehanna also reiterated a Hold rating on the stock with a $22 price target.

Based on Criteo SA’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $604 million and quarterly net profit of $21.17 million. In comparison, last year the company earned revenue of $548 million and had a net profit of $38.11 million.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock.

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Criteo SA operates as a global technology company, which specializes in digital performance marketing. The company enables e-commerce companies to leverage large volumes of granular data to engage and convert their customers.