RealD Price Target Lowered to $11.00 at B. Riley (RLD)
Analysts at B. Riley lowered their price objective on shares of RealD (NYSE:RLD) from $12.75 to $11.00 in a research report issued to clients and investors on Thursday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target suggests a potential upside of 59.65% from the stock’s previous close.
RealD (NYSE:RLD) traded down 8.86% on Thursday, hitting $6.89. The stock had a trading volume of 981,285 shares. RealD has a 1-year low of $7.52 and a 1-year high of $16.05. The stock has a 50-day moving average of $9.27 and a 200-day moving average of $12.70. The company’s market cap is $341.3 million.
RealD (NYSE:RLD) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.01. The company had revenue of $59.20 million for the quarter, compared to the consensus estimate of $57.68 million. During the same quarter last year, the company posted $0.05 earnings per share. RealD’s revenue was down 13.2% compared to the same quarter last year. Analysts expect that RealD will post $-0.46 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus downgraded shares of RealD (NYSE:RLD) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 4th. They now have a $10.00 price target on the stock. Separately, analysts at Zacks downgraded shares of RealD (NYSE:RLD) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, August 12th. They now have a $9.20 price target on the stock. Finally, analysts at Barrington Research downgraded shares of RealD (NYSE:RLD) from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, July 12th.
One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.44.
In other RealD news, CFO Andrew A. Skarupa sold 61,941 shares of RealD stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $8.11, for a total value of $502,341.51. The sale was disclosed in a legal filing with the SEC, which is available at this link.
RealD Inc is a licensor of three dimensional (NYSE:RLD) technologies.
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