DreamWorks Animation SKG Downgraded to “Underweight” at Piper Jaffray (DWA)
DreamWorks Animation SKG (NASDAQ:DWA) was downgraded by investment analysts at Piper Jaffray from a “neutral” rating to an “underweight” rating in a note issued to investors on Wednesday, Analyst Ratings Network.com reports.
Separately, analysts at B. Riley raised their price target on shares of DreamWorks Animation SKG from $29.00 to $33.50 in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.10.
Shares of DreamWorks Animation SKG (NASDAQ:DWA) traded down 12.19% during mid-day trading on Wednesday, hitting $30.91. The stock had a trading volume of 6,951,761 shares. DreamWorks Animation SKG has a 1-year low of $15.90 and a 1-year high of $36.01. The stock’s 50-day moving average is $33.72 and its 200-day moving average is $31.44. The company’s market cap is $2.590 billion.
DreamWorks Animation SKG, Inc (NASDAQ:DWA) is engaged in the development, production and exploitation of animated films and characters in the worldwide theatrical, home entertainment, television, merchandising, and licensing and other markets.
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