DigitalGlobe Inc. (NYSE:DGI)‘s stock had its “hold” rating reaffirmed by research analysts at Benchmark Co. in a research note issued on Wednesday. They currently have a $20.00 price target on the stock. Benchmark Co.’s price objective indicates a potential downside of 27.14% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of DigitalGlobe from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Wednesday, July 13th. JPMorgan Chase & Co. raised their price objective on shares of DigitalGlobe from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Jefferies Group reissued a “buy” rating and issued a $30.00 price objective on shares of DigitalGlobe in a research note on Tuesday, September 13th. Dougherty & Co raised their price objective on shares of DigitalGlobe from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and issued a $32.00 price objective on shares of DigitalGlobe in a research note on Wednesday, August 31st. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. DigitalGlobe has an average rating of “Buy” and an average price target of $27.88.
Shares of DigitalGlobe (NYSE:DGI) opened at 27.45 on Wednesday. The firm’s 50-day moving average is $26.82 and its 200 day moving average is $21.91. The stock has a market cap of $1.72 billion, a P/E ratio of 52.39 and a beta of 0.38. DigitalGlobe has a 52-week low of $11.80 and a 52-week high of $28.33.
DigitalGlobe (NYSE:DGI) last announced its earnings results on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.11. The company earned $175.50 million during the quarter, compared to analyst estimates of $168.71 million. DigitalGlobe had a net margin of 5.54% and a return on equity of 3.18%. DigitalGlobe’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. Analysts forecast that DigitalGlobe will post $0.42 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. Pacad Investment Ltd. bought a new stake in DigitalGlobe during the second quarter worth $109,000. Teacher Retirement System of Texas boosted its stake in DigitalGlobe by 12.1% in the second quarter. Teacher Retirement System of Texas now owns 9,115 shares of the company’s stock worth $195,000 after buying an additional 985 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in DigitalGlobe during the first quarter worth $204,000. Bbva Compass Bancshares Inc. bought a new stake in DigitalGlobe during the second quarter worth $221,000. Finally, Cubist Systematic Strategies LLC bought a new stake in DigitalGlobe during the second quarter worth $246,000.
DigitalGlobe Company Profile
DigitalGlobe, Inc is a provider of high-resolution Earth-imagery products and services. The Company’s imagery solutions support a range of users in defense and intelligence, civil agencies, mapping and analysis, environmental monitoring, oil and gas exploration, infrastructure management, Internet portals and navigation technology.
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