Scripps Networks Interactive (SNI) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Scripps Networks Interactive (NASDAQ: SNI) in the last few weeks:

  • 2/5/2018 – Scripps Networks Interactive was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 2/5/2018 – Scripps Networks Interactive had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $90.00 price target on the stock.
  • 2/2/2018 – Scripps Networks Interactive was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $99.00 price target on the stock. According to Zacks, “Shares of Scripps Networks, scheduled to be acquired by Discovery Communications this year have outperformed its industry in 2017. The company's efforts to expand its operations are impressive. Scripps Networks announced plans to acquire Spoon University, which will strengthen its digital business in the food space. The company's decision, taken in February last year, to hike its quarterly dividend  by 20% is also encouraging. However, the company has been struggling with high costs. In fact, its bottom line in the fourth quarter is also likely to be hurt for the same reason. Detailed results will be out on Feb 26. The company's struggles pertaining to weakness in the U.S. advertising market is also concerning.”
  • 2/1/2018 – Scripps Networks Interactive was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Scripps Networks, scheduled to be acquired by Discovery Communications this year have outperformed its industry in 2017. The company's efforts to expand its operations are impressive. Scripps Networks announced plans to acquire Spoon University, which will strengthen its digital business in the food space. The company's decision, taken in February last year, to hike its quarterly dividend  by 20% is also encouraging. However, the company has been struggling with high costs. In fact, its bottom line in the fourth quarter is also likely to be hurt for the same reason. Detailed results will be out on Feb 26. Scripps Networks is also a highly leveraged company. The company's struggles pertaining to weakness in the U.S. advertising market is also concerning.”
  • 1/24/2018 – Scripps Networks Interactive was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $99.00 price target on the stock. According to Zacks, “Shares of Scripps Networks, scheduled to be acquired by Discovery Communications this year have outperformed its industry in 2017. The company's efforts to expand its operations are impressive. Scripps Networks announced plans to acquire Spoon University, which will strengthen its digital business in the food space. The company's decision, taken in February last year, to hike its quarterly dividend  by 20% is also encouraging. the positivity surrounding the stocks is evident from the Zacks Consensus estimate for the fourth quarter being revised upward 3.1% in the alst 90 days. Detailed results will be out on Feb 26. However, the company has been struggling with high costs. In fact, its bottom line in the fourth quarter is also likely to be hurt for the same reason.”
  • 1/10/2018 – Scripps Networks Interactive was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/5/2018 – Scripps Networks Interactive was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Scripps Networks, scheduled to be acquired by Discovery Communications this year has been struggling with high costs. Its bottom line in the fourth quarter of 2017 is likely to be hurt for the same reason. The company also continues to struggle due to weakness in the U.S. advertising market. Moreover, Scripps Networks is highly exposed to foreign currency exchange rate risks due to its presence in Europe and Asia. Scripps Networks is also a highly leveraged company. Evidently, the Zacks Consesnus Estimate for the fourth quarter has been revised south 1.6% over the last 90 days. However, the company has an impressive earnings history having surpassed estimates in three of the last four quarters. In fact, shares of the company have outperformed its industry in a year.”
  • 12/28/2017 – Scripps Networks Interactive was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/22/2017 – Scripps Networks Interactive was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of Scripps Networks Interactive, Inc. (SNI) traded up $0.15 on Monday, reaching $86.61. 1,485,600 shares of the company traded hands, compared to its average volume of 943,212. The company has a market capitalization of $11,251.94, a price-to-earnings ratio of 18.55, a PEG ratio of 3.08 and a beta of 1.40. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.19 and a current ratio of 3.19. Scripps Networks Interactive, Inc. has a 52-week low of $64.87 and a 52-week high of $88.87.

In related news, Director Michael R. Costa sold 18,955 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the transaction, the director now owns 13,035 shares of the company’s stock, valued at $1,090,247.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.

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