Atb Cap Markets Downgrades Shopify (TSE:SHO) to Hold

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

A number of other equities research analysts have also issued reports on SHO. Redburn Atlantic raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 17th. Argus upgraded 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 report on Tuesday, July 16th. Evercore ISI upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, Cantor Fitzgerald upgraded Shopify to a “hold” rating in a research report on Thursday, September 5th. Five analysts have rated the stock with a hold rating and five have issued a strong buy rating to the company. According to data from MarketBeat, Shopify has an average rating of “Buy”.

Shopify Price Performance

Shopify (TSE:SHO) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.24 by C$0.13. The company had revenue of C$2.95 billion during the quarter, compared to analysts’ expectations 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.