Shopify (TSE:SHO) Rating Lowered to Hold at 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 issued to investors on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also weighed in on SHO. Redburn Atlantic upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report 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. Cantor Fitzgerald upgraded shares of Shopify to a “hold” rating in a research note on Thursday, September 5th. Argus upgraded Shopify to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, Wolfe Research upgraded shares of Shopify to a “strong-buy” rating in a research report on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and five have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Shopify Price Performance

Shopify (TSE:SHO) last released its quarterly earnings results 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 business had revenue of C$2.95 billion for the quarter, compared to analyst estimates of C$2.90 billion.

About Shopify

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.