Dougherty & Co Raises DigitalGlobe Inc. (DGI) Price Target to $38.00
DigitalGlobe Inc. (NYSE:DGI) had its price target raised by Dougherty & Co from $36.00 to $38.00 in a research report sent to investors on Monday. Dougherty & Co currently has a buy rating on the stock.
Several other research firms have also issued reports on DGI. Benchmark Co. reaffirmed a hold rating and issued a $24.00 price objective (up from $20.00) on shares of DigitalGlobe in a research note on Wednesday, October 26th. Jefferies Group reaffirmed a buy rating and issued a $30.00 price objective on shares of DigitalGlobe in a research note on Tuesday, September 13th. Piper Jaffray Cos. reaffirmed an overweight rating and issued a $32.00 price objective on shares of DigitalGlobe in a research note on Wednesday, August 31st. Zacks Investment Research raised DigitalGlobe from a hold rating to a strong-buy rating and set a $28.00 price objective for the company in a research note on Thursday, October 27th. Finally, JPMorgan Chase & Co. raised their price objective on DigitalGlobe from $20.00 to $22.00 and gave the company a neutral rating in a research note on Friday, July 29th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. DigitalGlobe presently has a consensus rating of Hold and an average price target of $28.38.
DigitalGlobe (NYSE:DGI) opened at 32.35 on Monday. DigitalGlobe has a one year low of $11.80 and a one year high of $32.40. The company has a 50 day moving average price of $26.89 and a 200-day moving average price of $24.49. The company has a market capitalization of $2.01 billion, a PE ratio of 52.01 and a beta of 0.23.
DigitalGlobe (NYSE:DGI) last released its earnings results on Tuesday, October 25th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.13. DigitalGlobe had a return on equity of 3.71% and a net margin of 6.28%. The firm earned $181.80 million during the quarter, compared to analysts’ expectations of $171.92 million. During the same quarter last year, the business posted $0.12 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Analysts expect that DigitalGlobe will post $0.58 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Prudential Financial Inc. boosted its stake in shares of DigitalGlobe by 66.5% in the second quarter. Prudential Financial Inc. now owns 86,847 shares of the company’s stock valued at $1,858,000 after buying an additional 34,700 shares during the last quarter. Columbus Circle Investors purchased a new stake in shares of DigitalGlobe during the second quarter valued at $15,214,000. Kennedy Capital Management Inc. boosted its stake in shares of DigitalGlobe by 66.7% in the first quarter. Kennedy Capital Management Inc. now owns 200,000 shares of the company’s stock valued at $3,460,000 after buying an additional 80,000 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in shares of DigitalGlobe during the second quarter valued at $321,000. Finally, DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in shares of DigitalGlobe during the second quarter valued at $1,499,000.
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.
Receive News & Stock Ratings for DigitalGlobe Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DigitalGlobe Inc. and related stocks with our FREE daily email newsletter.