Share on StockTwits

Dreamworks Animation Skg (NYSE:DWA) was downgraded by Topeka Capital Markets from a “hold” rating to a “sell” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.

Dreamworks Animation Skg (NYSE:DWA) opened at 28.15 on Friday. Dreamworks Animation Skg has a one year low of $19.00 and a one year high of $36.01. The stock’s 50-day moving average is $27.35 and its 200-day moving average is $31.09. The company has a market cap of $2.381 billion and a price-to-earnings ratio of 43.31.

Dreamworks Animation Skg (NYSE:DWA) last released its earnings data on Tuesday, February 25th. The company reported $0.33 EPS for the quarter, meeting the Thomson Reuters 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 $0.62 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on DWA. Analysts at B. Riley upgraded shares of Dreamworks Animation Skg from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. They now have a $37.00 price target on the stock, up previously from $32.00. Separately, analysts at Zacks downgraded shares of Dreamworks Animation Skg from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 27th. They now have a $38.70 price target on the stock. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $28.03.

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.

The Fly On The Wall

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.