TD Securities Reaffirms Buy Rating for DHX Media (DHXM)
DHX Media (NASDAQ:DHXM)‘s stock had its “buy” rating reissued by analysts at TD Securities in a report released on Saturday. They currently have a $9.00 target price on the stock. TD Securities’ target price points to a potential upside of 78.22% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the stock. RBC Capital Markets restated an “outperform” rating and issued a $10.00 price target on shares of DHX Media in a research report on Friday. Scotiabank restated an “outperform” rating and issued a $9.00 price target on shares of DHX Media in a research report on Saturday. Finally, National Bank Financial upgraded shares of DHX Media from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $8.00 to $8.50 in a research report on Thursday, November 10th. Seven investment analysts have rated the stock with a buy rating, DHX Media presently has an average rating of “Buy” and an average price target of $9.58.
Shares of DHX Media (NASDAQ:DHXM) opened at 5.05 on Friday. The company’s 50 day moving average is $5.09 and its 200-day moving average is $5.36. The firm has a market capitalization of $675.56 million and a price-to-earnings ratio of 30.98. DHX Media has a one year low of $4.56 and a one year high of $7.40.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Tuesday, November 29th will be paid a $0.0134 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, November 25th.
Several large investors have recently bought and sold shares of the stock. Diker Management LLC raised its stake in DHX Media by 2.6% in the third quarter. Diker Management LLC now owns 181,400 shares of the company’s stock worth $950,000 after buying an additional 4,600 shares in the last quarter. Cidel Asset Management Inc. raised its stake in DHX Media by 20.6% in the third quarter. Cidel Asset Management Inc. now owns 91,200 shares of the company’s stock worth $478,000 after buying an additional 15,600 shares in the last quarter. Bank of Montreal Can raised its stake in DHX Media by 6.6% in the third quarter. Bank of Montreal Can now owns 26,140 shares of the company’s stock worth $135,000 after buying an additional 1,628 shares in the last quarter. FMR LLC raised 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 in the last quarter. Finally, Sprott Inc. raised 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 in the last quarter.
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.
Receive News & Stock Ratings for DHX Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DHX Media and related stocks with our FREE daily email newsletter.