Scripps Networks Interactive Price Target Raised to $85.00 at RBC Capital (SNI)
RBC Capital boosted their price objective on shares of Scripps Networks Interactive (NYSE:SNI) from $79.00 to $85.00 in a research note issued on Tuesday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would suggest a potential upside of 5.54% from the stock’s previous close.
A number of other analysts have also recently weighed in on SNI. Analysts at Hanson initiated coverage on shares of Scripps Networks Interactive in a research note to investors on Monday, October 14th. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Scripps Networks Interactive in a research note to investors on Thursday, September 12th. They now have a $78.00 price target on the stock. Finally, analysts at ISI Group initiated coverage on shares of Scripps Networks Interactive in a research note to investors on Tuesday, September 10th. They set a “neutral” rating and a $79.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.87.
Shares of Scripps Networks Interactive (NYSE:SNI) traded up 1.77% during mid-day trading on Tuesday, hitting $80.54. The stock had a trading volume of 599,234 shares. Scripps Networks Interactive has a 52 week low of $55.88 and a 52 week high of $76.43. The stock has a 50-day moving average of $73.95 and a 200-day moving average of $68.87. The company has a market cap of $11.749 billion and a price-to-earnings ratio of 17.23.
Scripps Networks Interactive (NYSE:SNI) last released its earnings data on Thursday, August 8th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.03. The company had revenue of $665.13 million for the quarter, compared to the consensus estimate of $656.28 million. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Analysts expect that Scripps Networks Interactive will post $3.70 EPS for the current fiscal year.
Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content for television and the Internet with television and interactive brands.
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