Janney Montgomery Scott Reaffirms “Fair Value” Rating for Dreamworks Animation Skg (DWA)
Dreamworks Animation Skg (NYSE:DWA)‘s stock had its “fair value” rating reiterated by investment analysts at Janney Montgomery Scott in a note issued to investors on Wednesday. They currently have a $27.00 target price on the stock, down from their previous target price of $29.00. Janney Montgomery Scott’s price objective indicates a potential upside of 23.12% from the company’s current price.
Dreamworks Animation Skg (NYSE:DWA) opened at 21.93 on Wednesday. Dreamworks Animation Skg has a 52 week low of $19.20 and a 52 week high of $36.01. The stock’s 50-day moving average is $21.76 and its 200-day moving average is $26.13. The company’s market cap is $1.857 billion.
Dreamworks Animation Skg (NYSE:DWA) last released its earnings data on Tuesday, July 29th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.16. The company had revenue of $122.30 million for the quarter, compared to the consensus estimate of $138.10 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down 42.7% on a year-over-year basis. Analysts expect that Dreamworks Animation Skg will post $-0.07 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Dreamworks Animation Skg in a research note on Thursday, August 14th. They now have a $21.00 price target on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Dreamworks Animation Skg in a research note on Monday, July 28th. They set a “market perform” rating and a $24.00 price target on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of Dreamworks Animation Skg to $24.00 in a research note on Monday, July 28th. They now have an “equal weight” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Dreamworks Animation Skg currently has an average rating of “Hold” and an average price target of $23.33.
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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