Ascendiant Capital Markets Upgrades DreamWorks Animation SKG to “Buy” (DWA)
DreamWorks Animation SKG (NYSE:DWA) was upgraded by Ascendiant Capital Markets from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, American Banking News reports.
Shares of DreamWorks Animation SKG (NYSE:DWA) opened at 27.82 on Wednesday. DreamWorks Animation SKG has a 1-year low of $15.90 and a 1-year high of $30.44. The stock’s 50-day moving average is $27.96 and its 200-day moving average is $22.95. The company’s market cap is $2.328 billion.
DreamWorks Animation SKG (NYSE:DWA) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.10. The company had revenue of $154.50 million for the quarter, compared to the consensus estimate of $143.90 million. During the same quarter last year, the company posted $0.29 earnings per share. DreamWorks Animation SKG’s revenue was down 17.1% compared to the same quarter last year. Analysts expect that DreamWorks Animation SKG will post $0.69 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at McLean Capital Management downgraded shares of DreamWorks Animation SKG from a “neutral” rating to a “sell” rating in a research note to investors on Friday, October 11th. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of DreamWorks Animation SKG in a research note to investors on Wednesday, September 25th. They now have a $26.00 price target on the stock, up previously from $22.00. Finally, analysts at B. Riley downgraded shares of DreamWorks Animation SKG from a “buy” rating to a “neutral” rating in a research note to investors on Monday, September 23rd. They now have a $0.96 price target on the stock, up previously from $0.70. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.81.
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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