Skydance Corporation (NYSE:SKYD) Stock Has Average Price Target of $5.59

Shares of Skydance Corporation (NYSE:SKYD – Get Free Report) have been given a consensus rating of “Reduce” by the seventeen research firms that are presently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $5.59.

A number of research firms have issued reports on SKYD. Weiss Ratings upgraded shares of Skydance from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 6th. TD Cowen dropped their price target on shares of Skydance from $6.50 to $4.00 and set a “hold” rating for the company in a research note on Wednesday, August 5th. Citizens Jmp reaffirmed a “market outperform” rating and set a $7.00 price objective on shares of Skydance in a research report on Tuesday, September 22nd. Benchmark cut their price objective on Skydance from $9.50 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Finally, UBS Group reduced their price objective on Skydance from $5.00 to $4.00 and set a “sell” rating on the stock in a research note on Wednesday, August 5th.

Get Our Latest Research Report on Skydance

Hedge Funds Weigh In On Skydance

Several hedge funds and other institutional investors have recently made changes to their positions in SKYD. MTCO Ltd. grew its position in shares of Skydance by 21.4% during the second quarter. MTCO Ltd. now owns 7,650,000 shares of the media and entertainment company’s stock worth $75,429,000 after buying an additional 1,350,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Skydance by 126.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,970,920 shares of the media and entertainment company’s stock valued at $35,812,000 after acquiring an additional 2,216,433 shares in the last quarter. LTS Liquid Investments LLC lifted its stake in Skydance by 68.7% in the first quarter. LTS Liquid Investments LLC now owns 2,030,591 shares of the media and entertainment company’s stock worth $18,316,000 after acquiring an additional 827,248 shares during the last quarter. SG Americas Securities LLC lifted its stake in Skydance by 106.4% in the first quarter. SG Americas Securities LLC now owns 1,597,902 shares of the media and entertainment company’s stock worth $14,413,000 after acquiring an additional 823,629 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Skydance in the second quarter worth approximately $14,002,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Trending Headlines about Skydance

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Skydance Price Performance

Shares of SKYD opened at $7.26 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.88 and a debt-to-equity ratio of 1.13. The firm has a 50-day simple moving average of $5.83 and a two-hundred day simple moving average of $5.29. Skydance has a 1-year low of $6.63 and a 1-year high of $17.43.

Skydance (NYSE:SKYD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The media and entertainment company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $6.91 billion during the quarter. Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%. On average, analysts anticipate that Skydance will post -0.20 EPS for the current year.

Skydance Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.0250 per share. This is a negative change from Skydance’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, September 15th. This represents a $0.10 annualized dividend and a yield of 1.4%.

About Skydance

(Get Free Report)

Skydance Corporation is a global media and entertainment company formerly known as Paramount Skydance Corporation.

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Analyst Recommendations for Skydance (NYSE:SKYD)

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