Scripps Networks Interactive PT Raised to $90.00 at MKM Partners (SNI)
Equities researchers at MKM Partners upped their target price on shares of Scripps Networks Interactive (NYSE:SNI) from $80.00 to $90.00 in a research report issued on Tuesday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. MKM Partners’ price objective points to a potential upside of 12.16% from the stock’s previous close.
SNI has been the subject of a number of other recent research reports. Analysts at Guggenheim initiated coverage on shares of Scripps Networks Interactive in a research note to investors on Thursday, October 24th. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “hold” rating on shares of Scripps Networks Interactive in a research note to investors on Tuesday, October 22nd. They now have a $78.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Scripps Networks Interactive from $79.00 to $85.00 in a research note to investors on Tuesday, October 22nd. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $75.53.
Shares of Scripps Networks Interactive (NYSE:SNI) traded down 0.34% during mid-day trading on Tuesday, hitting $79.97. 67,485 shares of the company’s stock traded hands. Scripps Networks Interactive has a 52 week low of $55.88 and a 52 week high of $81.00. The stock’s 50-day moving average is $78.31 and its 200-day moving average is $72.3. The company has a market cap of $11.666 billion and a P/E ratio of 17.47.
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. On average, analysts predict that Scripps Networks Interactive will post $3.70 earnings per share 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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