DTS Price Target Raised to $32.00 at B. Riley (DTSI)
Research analysts at B. Riley lifted their price target on shares of DTS (NASDAQ:DTSI) from $28.00 to $32.00 in a report released on Tuesday. B. Riley’s target price would indicate a potential upside of 33.95% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barrington Research upgraded shares of DTS from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 21st. They now have a $27.00 price target on the stock. Separately, analysts at Zacks upgraded shares of DTS from a “neutral” rating to an “outperform” rating in a research note on Monday, August 18th. They now have a $23.00 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of DTS from $20.50 to $21.00 in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $25.10.
DTS (NASDAQ:DTSI) traded down 0.25% on Tuesday, hitting $23.83. 103,234 shares of the company’s stock traded hands. DTS has a 1-year low of $16.76 and a 1-year high of $24.88. The stock’s 50-day moving average is $20.19 and its 200-day moving average is $19.36. The company has a market cap of $406.0 million and a price-to-earnings ratio of 13.46.
DTS (NASDAQ:DTSI) last announced its earnings results on Monday, August 11th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.33. The company had revenue of $36.20 million for the quarter, compared to the consensus estimate of $28.48 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. Analysts expect that DTS will post $1.47 EPS for the current fiscal year.
DTS, Inc is a provider of audio technologies that are incorporated into a range of consumer electronics devices by hundreds of licensee customers worldwide.
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