Scotiabank Reiterates “Outperform” Rating for DHX Media (DHXM)
DHX Media (NASDAQ:DHXM)‘s stock had its “outperform” rating reaffirmed by research analysts at Scotiabank in a research note issued to investors on Friday. They currently have a $9.00 price objective on the stock. Scotiabank’s target price suggests a potential upside of 70.45% from the company’s current price.
Several other equities analysts have also commented on the company. RBC Capital Markets reiterated an “outperform” rating and issued a $10.00 target price on shares of DHX Media in a research note on Friday, September 23rd. TD Securities reiterated a “buy” rating and issued a $9.50 target price on shares of DHX Media in a research note on Sunday, September 4th. Seven equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $10.00.
DHX Media (NASDAQ:DHXM) opened at 5.28 on Friday. The stock has a 50 day moving average price of $5.78 and a 200 day moving average price of $5.49. DHX Media has a 52 week low of $4.56 and a 52 week high of $7.40. The stock has a market cap of $706.33 million and a PE ratio of 31.81.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Tuesday, October 11th will be paid a dividend of $0.0138 per share. The ex-dividend date of this dividend is Thursday, October 6th. This is a positive change from DHX Media’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.05%.
A number of large investors have recently made changes to their positions in the company. Diker Management LLC raised its stake in shares of DHX Media by 430.9% in the second quarter. Diker Management LLC now owns 176,800 shares of the company’s stock valued at $903,000 after buying an additional 143,500 shares in the last quarter. FMR LLC raised its stake in shares of DHX Media by 8.4% in the second quarter. FMR LLC now owns 779,710 shares of the company’s stock valued at $3,995,000 after buying an additional 60,560 shares in the last quarter. Sprott Inc. raised its stake in shares of DHX Media by 42.4% in the second quarter. Sprott Inc. now owns 712,000 shares of the company’s stock valued at $3,660,000 after buying an additional 212,000 shares in the last quarter. Cidel Asset Management Inc. raised its stake in shares of DHX Media by 0.9% in the second quarter. Cidel Asset Management Inc. now owns 75,600 shares of the company’s stock valued at $385,000 after buying an additional 700 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of DHX Media during the second quarter valued at approximately $126,000.
About DHX Media
DHX Media Ltd. is a Canada-based children’s entertainment company. The Company’s business is producing, distributing, broadcasting and exploiting the rights for television and film programming, primarily focusing on children, youth and family productions. Its segments include its production, distribution and merchandising operations; Copyright Promotions Licensing Group (CPLG), and DHX Television.
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