Scripps Networks Interactive Receives Average Rating of “Hold” from Brokerages (NYSE:SNI)
Scripps Networks Interactive (NYSE:SNI) has been given a consensus recommendation of “Hold” by the nineteen analysts that are covering the stock, American Banking News reports. Ten analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $83.38.
Scripps Networks Interactive (NYSE:SNI) traded up 0.23% on Tuesday, hitting $74.92. 36,061 shares of the company’s stock traded hands. Scripps Networks Interactive has a 52 week low of $64.02 and a 52 week high of $86.62. The stock has a 50-day moving average of $76.99 and a 200-day moving average of $77.80. The company has a market cap of $10.960 billion and a P/E ratio of 21.99.
Scripps Networks Interactive (NYSE:SNI) last announced its earnings results on Friday, February 14th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by $0.24. The company had revenue of $654.00 million for the quarter, compared to the consensus estimate of $655.62 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that Scripps Networks Interactive will post $3.99 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Wunderlich upgraded shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating in a research note on Friday, April 4th. They now have a $90.00 price target on the stock, up previously from $86.00. They noted that the move was a valuation call. Separately, analysts at Sanford C. Bernstein raised their price target on shares of Scripps Networks Interactive from $83.00 to $84.00 in a research note on Thursday, February 20th. Finally, analysts at Argus upgraded shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. They now have a $100.00 price target on the stock.
Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content for television and the Internet with television and interactive brands.
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