DigitalGlobe (NYSE: DGI) was downgraded by investment analysts at Benchmark Co. from a “buy” rating to a “hold” rating in a note issued to investors on Thursday. They currently have a $27.00 target price on the stock, down from their previous target price of $30.00.
DigitalGlobe opened at 29.42 on Thursday. DigitalGlobe has a 52-week low of $11.61 and a 52-week high of $30.50. The stock’s 50-day moving average is currently $27.81. The company has a market cap of $2.167 billion and a price-to-earnings ratio of 35.02.
DigitalGlobe last posted its quarterly earnings results on Tuesday, February 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. The company had revenue of $125.40 million for the quarter, compared to the consensus estimate of $111.81 million. During the same quarter last year, the company posted $0.10 earnings per share. DigitalGlobe’s revenue was up 28.4% compared to the same quarter last year. On average, analysts predict that DigitalGlobe will post $-0.40 earnings per share for the current fiscal year.
A number of other firms have also recently commented on DGI. Analysts at Zacks upgraded shares of DigitalGlobe from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, February 27th. They now have a $30.30 price target on the stock. Separately, analysts at TheStreet upgraded shares of DigitalGlobe from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, February 27th. Finally, analysts at Jefferies Group raised their price target on shares of DigitalGlobe from $32.00 to $36.00 in a research note to investors on Thursday, February 7th. They now have a “buy” rating on the stock.
Six analysts have rated the stock with a buy rating, three have issued a hold rating, and one has assigned an underweight rating to the company’s stock. DigitalGlobe presently has an average rating of “overweight” and an average target price of $29.94.
DigitalGlobe, Inc. is a provider of commercial high-resolution earth imagery products and services. The Company’s products and services support a variety of uses, including defense, intelligence and homeland security applications, mapping and analysis, environmental monitoring, oil and gas exploration, and infrastructure management.
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