DigitalGlobe Inc. (DGI) Sets New 52-Week High After Analyst Upgrade
DigitalGlobe Inc. (NYSE:DGI) shares hit a new 52-week high during mid-day trading on Tuesday after Dougherty & Co raised their price target on the stock from $36.00 to $38.00. Dougherty & Co currently has a buy rating on the stock. DigitalGlobe traded as high as $30.75 and last traded at $30.80, with a volume of 362,299 shares trading hands. The stock had previously closed at $29.90.
DGI has been the topic of a number of other reports. Jefferies Group reaffirmed a “buy” rating and set a $30.00 price objective on shares of DigitalGlobe in a research note on Monday, September 19th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $32.00 price objective on shares of DigitalGlobe in a research note on Wednesday, August 31st. Zacks Investment Research upgraded shares of DigitalGlobe from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a report on Thursday, October 27th. Benchmark Co. reiterated a “hold” rating and set a $24.00 target price (up from $20.00) on shares of DigitalGlobe in a report on Wednesday, October 26th. Finally, JPMorgan Chase & Co. increased 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. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. DigitalGlobe currently has an average rating of “Hold” and a consensus target price of $28.38.
A number of hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of DigitalGlobe by 1.0% in the third quarter. Principal Financial Group Inc. now owns 12,154 shares of the company’s stock valued at $334,000 after buying an additional 126 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in DigitalGlobe by 1.0% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 30,200 shares of the company’s stock valued at $831,000 after buying an additional 300 shares during the last quarter. First Mercantile Trust Co. raised its position 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 last quarter. California Public Employees Retirement System raised its position in 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 during the last quarter. Finally, BlackRock Investment Management LLC raised its position in DigitalGlobe by 0.3% in the third quarter. BlackRock Investment Management LLC now owns 260,889 shares of the company’s stock valued at $7,174,000 after buying an additional 701 shares during the last quarter.
The firm has a market capitalization of $2.01 billion, a PE ratio of 52.01 and a beta of 0.23. The stock’s 50-day moving average is $26.75 and its 200-day moving average is $24.43.
DigitalGlobe (NYSE:DGI) last posted its earnings results on Tuesday, October 25th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.13. DigitalGlobe had a net margin of 6.28% and a return on equity of 3.71%. The firm had revenue of $181.80 million for the quarter, compared to the consensus estimate of $171.92 million. During the same period in the previous year, the firm posted $0.12 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Equities research analysts predict that DigitalGlobe Inc. will post $0.58 EPS for the current fiscal year.
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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