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

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

Several other equities research analysts have also recently issued reports on SHO. Wolfe Research raised shares of Shopify to a “strong-buy” rating in a research report on Tuesday, July 16th. Redburn Atlantic raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th. Argus upgraded Shopify to a “strong-buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald raised Shopify to a “hold” rating in a report on Thursday, September 5th. Finally, Evercore ISI raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Shopify Stock Performance

Shopify (TSE:SHO) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.37 earnings per share (EPS) for the quarter, beating 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 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.