DHX Media (DHXM) Stock Rating Reaffirmed by Scotiabank
DHX Media (NASDAQ:DHXM)‘s stock had its “outperform” rating restated by analysts at Scotiabank in a research report issued on Thursday. They currently have a $9.00 price objective on the stock. Scotiabank’s target price would suggest a potential upside of 77.87% from the stock’s current price.
A number of other equities analysts also recently commented on the company. RBC Capital Markets restated 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 restated a “buy” rating and issued a $9.00 target price (down from $9.50) on shares of DHX Media in a research note on Friday, September 30th. Finally, National Bank Financial upgraded DHX Media from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $8.00 to $8.50 in a research note on Thursday. Seven research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $9.58.
Shares of DHX Media (NASDAQ:DHXM) opened at 5.06 on Thursday. The company has a 50 day moving average price of $5.13 and a 200-day moving average price of $5.39. DHX Media has a 12-month low of $4.56 and a 12-month high of $7.40. The firm has a market cap of $676.90 million and a PE ratio of 30.85.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 21st. Stockholders of record on Tuesday, October 11th were issued a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, October 6th. This is a boost from DHX Media’s previous quarterly dividend of $0.01.
Large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new stake in DHX Media during the second quarter worth $126,000. Cidel Asset Management Inc. boosted its stake in DHX Media by 0.9% in the second quarter. Cidel Asset Management Inc. now owns 75,600 shares of the company’s stock worth $385,000 after buying an additional 700 shares during the period. Diker Management LLC boosted its stake in DHX Media by 430.9% in the second quarter. Diker Management LLC now owns 176,800 shares of the company’s stock worth $903,000 after buying an additional 143,500 shares during the period. Sprott Inc. boosted its stake in DHX Media by 42.4% in the second quarter. Sprott Inc. now owns 712,000 shares of the company’s stock worth $3,660,000 after buying an additional 212,000 shares during the period. Finally, FMR LLC boosted its stake in DHX Media by 8.4% in the second quarter. FMR LLC now owns 779,710 shares of the company’s stock worth $3,995,000 after buying an additional 60,560 shares during the period.
DHX Media Company Profile
DHX Media Ltd. is a creator, producer, distributor, licensor and broadcaster of kids and family television and film productions. The Company develops, produces and distributes films and television programs for the domestic and international market, broadcasts films and television programs for the domestic markets, as well, the Company manages copyrights, licensing and brands for third parties.
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