TD Securities Reiterates “Buy” Rating for DHX Media (DHXM)
DHX Media (NASDAQ:DHXM)‘s stock had its “buy” rating reissued by equities researchers at TD Securities in a research report issued to clients and investors on Thursday. They presently have a $9.00 price objective on the stock. TD Securities’ price target would suggest a potential upside of 77.87% from the company’s current price.
A number of other analysts have also recently issued reports on DHXM. RBC Capital Markets restated an “outperform” rating and set a $10.00 target price on shares of DHX Media in a research note on Friday, September 23rd. Scotiabank restated an “outperform” rating and set a $9.00 target price on shares of DHX Media in a research note on Friday, September 23rd. Finally, National Bank Financial upgraded shares of DHX Media from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $8.00 to $8.50 in a research note on Thursday. Seven investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $9.58.
Shares of DHX Media (NASDAQ:DHXM) opened at 5.06 on Thursday. The company has a market capitalization of $676.90 million and a PE ratio of 30.85. DHX Media has a 52 week low of $4.56 and a 52 week high of $7.40. The firm’s 50-day moving average is $5.13 and its 200 day moving average is $5.39.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Shareholders of record on Tuesday, October 11th were paid a $0.0138 dividend. This is a boost from DHX Media’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, October 6th. This represents a $0.06 annualized dividend and a yield of 1.09%.
A number of hedge funds have recently modified their holdings of DHXM. Bank of Montreal Can acquired a new stake in shares of DHX Media during the second quarter valued at $126,000. Sprott Inc. boosted 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 during the period. Cidel Asset Management Inc. boosted 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 during the period. Diker Management LLC boosted 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 during the period. Finally, FMR LLC boosted 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 during the period.
About DHX Media
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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