Zacks Upgrades Daktronics to Outperform (DAKT)
Daktronics (NASDAQ:DAKT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday, Stock Ratings News reports. The firm currently has a $16.20 price target on the stock. Zacks‘ target price indicates a potential upside of 10.13% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus downgraded shares of Daktronics from a “buy” rating to a “hold” rating in a research note to investors on Monday, December 9th. Finally, analysts at Griffin Securities raised their price target on shares of Daktronics from $14.00 to $16.00 in a research note to investors on Wednesday, November 20th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.10.
Daktronics (NASDAQ:DAKT) traded up 0.34% on Wednesday, hitting $14.76. The stock had a trading volume of 167,431 shares. Daktronics has a 52 week low of $9.44 and a 52 week high of $16.09. The stock has a 50-day moving average of $15.16 and a 200-day moving average of $12.35. The company has a market cap of $633.7 million and a P/E ratio of 28.67.
Daktronics (NASDAQ:DAKT) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The company had revenue of $161.60 million for the quarter, compared to the consensus estimate of $152.67 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts expect that Daktronics will post $0.62 EPS for the current fiscal year.
Daktronics, Inc is a supplier of electronic scoreboards, large electronic display systems and related marketing services, digital messaging solutions, software and services for sporting, commercial and transportation applications.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.