Dreamworks Animation Skg Shares Gap Up Following Analyst Upgrade (DWA)
Dreamworks Animation Skg (NYSE:DWA)’s share price gapped up before the market opened on Monday after Wells Fargo & Co. raised their price target on the stock from $19.00 to $22.00, Analyst Ratings News reports. The stock had previously closed at $22.78, but opened at $22.79. Wells Fargo & Co. currently has a neutral rating on the stock. Dreamworks Animation Skg shares last traded at $23.47, with a volume of 479,475 shares trading hands.
Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray upgraded shares of Dreamworks Animation Skg from an “underweight” rating to a “neutral” rating in a research note on Monday. They now have a $22.00 price target on the stock, up previously from $19.00. Separately, analysts at Topeka Capital Markets cut their price target on shares of Dreamworks Animation Skg from $25.00 to $23.00 in a research note on Tuesday, June 24th. They now have a “hold” rating on the stock. Finally, analysts at Topeka Capital Markets upgraded shares of Dreamworks Animation Skg from a “sell” rating to a “hold” rating in a research note on Wednesday, May 28th. They now have a $25.00 price target on the stock, up previously from $22.00. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $26.88.
The stock has a 50-day moving average of $25.98 and a 200-day moving average of $29.43. The company has a market cap of $1.981 billion and a price-to-earnings ratio of 303.87.
Dreamworks Animation Skg (NYSE:DWA) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.41. The company had revenue of $147.20 million for the quarter, compared to the consensus estimate of $133.95 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts predict that Dreamworks Animation Skg will post $0.20 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.
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