DigitalGlobe Inc. (DGI) Stock Rating Reaffirmed by Benchmark Co.
DigitalGlobe Inc. (NYSE:DGI)‘s stock had its “hold” rating reaffirmed by analysts at Benchmark Co. in a research report issued to clients and investors on Wednesday. They presently have a $20.00 price objective on the stock. Benchmark Co.’s target price indicates a potential downside of 22.54% from the stock’s previous close.
Other analysts also recently issued research reports about the company. Zacks Investment Research raised DigitalGlobe from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, July 13th. JPMorgan Chase & Co. lifted their price objective on DigitalGlobe from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, July 29th. Jefferies Group reaffirmed a “buy” rating and issued a $30.00 price objective on shares of DigitalGlobe in a research note on Tuesday, September 13th. Dougherty & Co lifted their price objective on DigitalGlobe from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $32.00 price objective on shares of DigitalGlobe in a research note on Wednesday, August 31st. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. DigitalGlobe has an average rating of “Buy” and an average price target of $27.88.
Shares of DigitalGlobe (NYSE:DGI) traded up 1.36% during mid-day trading on Wednesday, reaching $26.17. The company had a trading volume of 109,955 shares. The firm has a 50-day moving average price of $26.82 and a 200-day moving average price of $21.84. DigitalGlobe has a 1-year low of $11.80 and a 1-year high of $28.33. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 49.94 and a beta of 0.38.
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DigitalGlobe (NYSE:DGI) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.11. DigitalGlobe had a return on equity of 3.18% and a net margin of 5.54%. The company had revenue of $175.50 million for the quarter, compared to analysts’ expectations of $168.71 million. During the same period in the previous year, the firm earned $0.09 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. Equities analysts expect that DigitalGlobe will post $0.42 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new position in shares of DigitalGlobe during the first quarter valued at approximately $490,000. TIAA CREF Investment Management LLC increased its position in shares of DigitalGlobe by 9.0% in the first quarter. TIAA CREF Investment Management LLC now owns 395,163 shares of the company’s stock valued at $6,836,000 after buying an additional 32,476 shares during the period. Teachers Advisors Inc. increased its position in shares of DigitalGlobe by 1.8% in the first quarter. Teachers Advisors Inc. now owns 108,536 shares of the company’s stock valued at $1,878,000 after buying an additional 1,876 shares during the period. Prudential Financial Inc. acquired a new position in shares of DigitalGlobe during the first quarter valued at approximately $902,000. Finally, JPMorgan Chase & Co. increased its position in shares of DigitalGlobe by 11.9% in the first quarter. JPMorgan Chase & Co. now owns 1,446,875 shares of the company’s stock valued at $25,031,000 after buying an additional 153,522 shares during the period.
DigitalGlobe, Inc is a provider of high-resolution Earth-imagery products and services. The Company’s imagery solutions support a range of users in defense and intelligence, civil agencies, mapping and analysis, environmental monitoring, oil and gas exploration, infrastructure management, Internet portals and navigation technology.
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