Share on StockTwits
 

DreamWorks Animation SKG (NYSE:DWA) shares dropped 12% during trading on Wednesday after B. Riley lowered their price target on the stock from $33.50 to $32.00, AmericanBankingNews.com reports. B. Riley currently has a neutral rating on the stock. DreamWorks Animation SKG traded as low as $30.01 and last traded at $30.98, with a volume of 5,965,513 shares. The stock had previously closed at $35.20.

DWA has been the subject of a number of other recent research reports. Analysts at Piper Jaffray downgraded shares of DreamWorks Animation SKG from a “neutral” rating to an “underweight” rating in a research note on Wednesday. They now have a $19.00 price target on the stock. Separately, analysts at Zacks upgraded shares of DreamWorks Animation SKG from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 2nd. They now have a $38.70 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “underweight” rating on shares of DreamWorks Animation SKG in a research note on Monday, December 30th. They now have a $31.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. DreamWorks Animation SKG currently has an average rating of “Hold” and a consensus target price of $25.12.

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 (NYSE:DWA) last announced its earnings results on Tuesday, February 25th. The company reported $0.33 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.33. The company had revenue of $204.30 million for the quarter, compared to the consensus estimate of $236.77 million. On average, analysts predict that DreamWorks Animation SKG will post $0.91 earnings per share for the current fiscal year.

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.

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.