DigitalGlobe Receives “Hold” Rating from JPMorgan Chase & Co. (DGI)
DigitalGlobe (NYSE:DGI)‘s stock had its “hold” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Friday. They currently have a $34.50 price target on the stock, up from their previous price target of $31.50. JPMorgan Chase & Co.’s price target would suggest a potential upside of 14.66% from the company’s current price.
Shares of DigitalGlobe (NYSE:DGI) traded up 1.23% during mid-day trading on Friday, hitting $30.46. 391,409 shares of the company’s stock traded hands. DigitalGlobe has a 1-year low of $26.02 and a 1-year high of $43.13. The stock’s 50-day moving average is $30.86 and its 200-day moving average is $34.94. The company’s market cap is $2.298 billion.
DigitalGlobe (NYSE:DGI) last released its earnings data on Thursday, May 1st. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.07. The company had revenue of $156.50 million for the quarter, compared to the consensus estimate of $148.41 million. During the same quarter last year, the company posted ($0.96) earnings per share. DigitalGlobe’s revenue was up 22.6% compared to the same quarter last year. Analysts expect that DigitalGlobe will post $-0.03 EPS for the current fiscal year.
A number of other firms have also recently commented on DGI. Analysts at CRT Capital raised their price target on shares of DigitalGlobe from $26.00 to $30.00 in a research note on Friday, May 2nd. Analysts at Benchmark Co. cut their price target on shares of DigitalGlobe to $28.00 in a research note on Monday, March 31st. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. DigitalGlobe has an average rating of “Buy” and an average price target of $34.96.
DigitalGlobe, Inc (NYSE:DGI) is a global provider of commercial earth imagery products and information services.
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