DigitalGlobe Inc. (NYSE:DGI) Given Consensus Rating of “Hold” by Analysts
DigitalGlobe Inc. (NYSE:DGI) has been assigned a consensus rating of “Hold” from the ten research firms that are covering the stock. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $27.43.
A number of research analysts have commented on the stock. Piper Jaffray Cos. reiterated an “overweight” rating and set a $32.00 price target on shares of DigitalGlobe in a research report on Wednesday, August 31st. Zacks Investment Research cut shares of DigitalGlobe from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Jefferies Group restated a “buy” rating and issued a $30.00 target price on shares of DigitalGlobe in a report on Tuesday, September 13th. Benchmark Co. restated a “hold” rating and issued a $20.00 target price on shares of DigitalGlobe in a report on Wednesday, September 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of DigitalGlobe from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, July 29th.
DigitalGlobe (NYSE:DGI) traded up 0.15% on Monday, reaching $26.89. 91,050 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $26.86 and its 200 day moving average price is $22.74. The company has a market cap of $1.68 billion, a PE ratio of 51.32 and a beta of 0.21. DigitalGlobe has a 12 month low of $11.80 and a 12 month high of $28.33.
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DigitalGlobe (NYSE:DGI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.11. DigitalGlobe had a net margin of 5.54% and a return on equity of 3.18%. The business had revenue of $175.50 million for the quarter, compared to analysts’ expectations of $168.71 million. During the same period last year, the business earned $0.09 earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities analysts expect that DigitalGlobe will post $0.45 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. boosted its stake in DigitalGlobe by 2.6% in the third quarter. First Mercantile Trust Co. now owns 15,395 shares of the company’s stock valued at $423,000 after buying an additional 395 shares during the period. California Public Employees Retirement System raised its position in shares of DigitalGlobe by 0.4% in the second quarter. California Public Employees Retirement System now owns 193,700 shares of the company’s stock valued at $4,143,000 after buying an additional 700 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of DigitalGlobe by 12.1% in the second quarter. Teacher Retirement System of Texas now owns 9,115 shares of the company’s stock valued at $195,000 after buying an additional 985 shares in the last quarter. I.G. Investment Management LTD. raised its position in shares of DigitalGlobe by 1.9% in the second quarter. I.G. Investment Management LTD. now owns 76,873 shares of the company’s stock valued at $1,644,000 after buying an additional 1,397 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of DigitalGlobe by 17.9% in the second quarter. Principal Financial Group Inc. now owns 12,028 shares of the company’s stock valued at $257,000 after buying an additional 1,827 shares in the last quarter.
DigitalGlobe Company Profile
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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