B. Riley Downgrades DreamWorks Animation SKG to Neutral (DWA)
DreamWorks Animation SKG (NYSE:DWA) was downgraded by B. Riley from a “buy” rating to a “neutral” rating in a research note issued on Monday, TheFlyOnTheWall.com reports. They currently have a $0.96 price objective on the stock, up from their previous price objective of $0.70. B. Riley’s price target would indicate a potential downside of 96.75% from the company’s current price. The analysts noted that the move was a valuation call.
DWA has been the subject of a number of other recent research reports. Analysts at Ascendiant Capital Markets initiated coverage on shares of DreamWorks Animation SKG (NYSE:DWA) in a research note to investors on Thursday. They set a “hold” rating and a $32.00 price target on the stock. Analysts at Zacks upgraded shares of DreamWorks Animation SKG (NYSE:DWA) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 3rd. They now have a $28.40 price target on the stock.
Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. DreamWorks Animation SKG currently has a consensus rating of “Hold” and a consensus price target of $18.35.
DreamWorks Animation SKG (NYSE:DWA) traded down 2.67% on Monday, hitting $28.79. The stock had a trading volume of 155,952 shares. DreamWorks Animation SKG has a 52 week low of $15.90 and a 52 week high of $30.44. The stock’s 50-day moving average is $28.58 and its 200-day moving average is $23.40. The company’s market cap is $2.409 billion.
DreamWorks Animation SKG (NYSE:DWA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.10. The company had revenue of $213.40 million for the quarter, compared to the consensus estimate of $180.85 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 31.1% on a year-over-year basis. Analysts expect that DreamWorks Animation SKG will post $0.72 EPS for the current fiscal year.
DreamWorks Animation SKG, Inc (NYSE:DWA) is engaged in the development, production and exploitation of animated films and their associated characters in the worldwide theatrical, home entertainment, television, merchandising and licensing and other markets.
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