Facebook Inc Receives a Hold from BMO Capital

By Ryan Adsit

In a report released today, Daniel Salmon from BMO Capital reiterated a Hold rating on Facebook Inc (NASDAQ: FB), with a price target of $170. The company’s shares closed on Friday at $164.52.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 16.7% and a 68.8% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Nielsen Holdings, and 21st Century Fox.

Currently, the analyst consensus on Facebook Inc is Strong Buy and the average price target is $218.67, representing a 32.9% upside.

In a report issued on April 12, Stifel Nicolaus also maintained a Hold rating on the stock with a $168 price target.

Facebook Inc’s market cap is currently $478.1B and has a P/E ratio of 30.49. The company has a book value ratio of 6.4306.

Based on the recent corporate insider activity of 227 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.