DigitalGlobe’s (DGI) “Hold” Rating Reaffirmed at Benchmark Co.
DigitalGlobe Inc. (NYSE:DGI)‘s stock had its “hold” rating reaffirmed by equities researchers at Benchmark Co. in a research note issued to 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 company’s previous close.
Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of DigitalGlobe from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, July 13th. Jefferies Group restated a “buy” rating and issued a $30.00 price objective on shares of DigitalGlobe in a report on Monday. Piper Jaffray Cos. restated an “overweight” rating and issued a $32.00 price objective on shares of DigitalGlobe in a report on Wednesday, August 31st. JPMorgan Chase & Co. upped their price objective on shares of DigitalGlobe from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. Finally, Dougherty & Co upped their price objective on shares of DigitalGlobe from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $27.88.
Shares of DigitalGlobe (NYSE:DGI) traded up 1.24% during midday trading on Wednesday, reaching $26.14. 116,107 shares of the company’s stock traded hands. The stock has a market capitalization of $1.64 billion, a P/E ratio of 49.89 and a beta of 0.38. The firm’s 50-day moving average price is $26.82 and its 200 day moving average price is $21.84. DigitalGlobe has a 1-year low of $11.80 and a 1-year high of $28.33.
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DigitalGlobe (NYSE:DGI) last posted its earnings results on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.11. The company had revenue of $175.50 million for the quarter, compared to analyst estimates of $168.71 million. DigitalGlobe had a net margin of 5.54% and a return on equity of 3.18%. DigitalGlobe’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. On average, equities analysts predict that DigitalGlobe will post $0.42 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of DigitalGlobe by 68.8% in the second quarter. JPMorgan Chase & Co. now owns 2,442,672 shares of the company’s stock worth $52,248,000 after buying an additional 995,797 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of DigitalGlobe by 18.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,765,346 shares of the company’s stock worth $101,930,000 after buying an additional 745,409 shares in the last quarter. Columbus Circle Investors purchased a new stake in shares of DigitalGlobe during the second quarter worth approximately $15,214,000. Teachers Advisors Inc. increased its stake in shares of DigitalGlobe by 292.3% in the second quarter. Teachers Advisors Inc. now owns 425,791 shares of the company’s stock worth $9,108,000 after buying an additional 317,255 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of DigitalGlobe by 60.7% in the first quarter. Renaissance Technologies LLC now owns 685,175 shares of the company’s stock worth $11,854,000 after buying an additional 258,820 shares in the last quarter.
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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