SFX Entertainment Given Buy Rating at Deutsche Bank (SFXE)
SFX Entertainment (NASDAQ:SFXE)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report issued on Wednesday, StockRatingsNetwork reports. They currently have a $16.00 target price on the stock, up from their previous target price of $15.00. Deutsche Bank’s target price suggests a potential upside of 126.63% from the company’s current price.
Separately, analysts at Stifel Nicolaus cut their price target on shares of SFX Entertainment from $14.00 to $12.00 in a research note on Friday, March 28th.
SFX Entertainment (NASDAQ:SFXE) traded down 6.98% on Wednesday, hitting $7.06. 363,252 shares of the company’s stock traded hands. SFX Entertainment has a 52 week low of $5.70 and a 52 week high of $13.39. The stock’s 50-day moving average is $7.91 and its 200-day moving average is $9.32. The company’s market cap is $625.9 million.
SFX Entertainment (NASDAQ:SFXE) last released its earnings data on Thursday, March 27th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.54. The company had revenue of $84.20 million for the quarter, compared to the consensus estimate of $112.85 million. Analysts expect that SFX Entertainment will post $0.03 EPS for the current fiscal year.
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