DreamWorks Animation SKG Rating Increased to Outperform at Zacks (DWA)
DreamWorks Animation SKG (NYSE:DWA) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Thursday, American Banking News reports. The firm currently has a $38.70 target price on the stock. Zacks‘ target price would indicate a potential upside of 10.10% from the company’s current price.
Shares of DreamWorks Animation SKG (NYSE:DWA) traded down 0.99% during mid-day trading on Thursday, hitting $35.15. 560,538 shares of the company’s stock traded hands. DreamWorks Animation SKG has a 52-week low of $15.90 and a 52-week high of $36.01. The stock’s 50-day moving average is $33.39 and its 200-day moving average is $29.08. The company’s market cap is $2.945 billion.
DreamWorks Animation SKG (NYSE:DWA) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was down 17.1% on a year-over-year basis. Analysts expect that DreamWorks Animation SKG will post $0.79 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of DreamWorks Animation SKG in a research note to investors on Monday. They now have a $31.00 price target on the stock. Separately, analysts at Ascendiant Capital Markets reiterated a “buy” rating on shares of DreamWorks Animation SKG in a research note to investors on Thursday, December 5th. They now have a $38.00 price target on the stock, up previously from $32.00. Finally, analysts at Ascendiant Capital Markets upgraded shares of DreamWorks Animation SKG from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, October 30th. They now have a $32.00 price target on the stock. Five research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $21.29.
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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