DigitalGlobe Inc. (DGI) Sets New 12-Month High at $27.45
DigitalGlobe Inc. (NYSE:DGI) reached a new 52-week high on Friday . The stock traded as high as $27.45 and last traded at $27.44, with a volume of 132,657 shares trading hands. The stock had previously closed at $26.98.
DGI has been the subject of several research reports. Zacks Investment Research cut DigitalGlobe from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. Morgan Stanley cut DigitalGlobe from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $22.00 to $23.00 in a research report on Tuesday, May 17th. Dougherty & Co increased their price objective on DigitalGlobe from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, July 29th. TheStreet raised DigitalGlobe from a “sell” rating to a “hold” rating in a research report on Thursday, April 28th. Finally, JPMorgan Chase & Co. increased their price objective on DigitalGlobe from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, July 29th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $28.13.
The stock has a 50-day moving average of $22.61 and a 200-day moving average of $18.84. The company has a market capitalization of $1.71 billion and a PE ratio of 52.10.
DigitalGlobe (NYSE:DGI) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.11. The firm earned $175.50 million during the quarter, compared to analysts’ expectations of $168.71 million. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. Equities research analysts anticipate that DigitalGlobe Inc. will post $0.42 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. I.G. Investment Management LTD. increased its stake in shares of DigitalGlobe by 6.5% in the fourth quarter. I.G. Investment Management LTD. now owns 71,063 shares of the company’s stock worth $1,113,000 after buying an additional 4,324 shares in the last quarter. Rhumbline Advisers increased its stake in shares of DigitalGlobe by 1.9% in the fourth quarter. Rhumbline Advisers now owns 104,159 shares of the company’s stock worth $1,631,000 after buying an additional 1,910 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of DigitalGlobe during the fourth quarter worth approximately $1,690,000. Gabelli Funds LLC increased its stake in shares of DigitalGlobe by 10.9% in the fourth quarter. Gabelli Funds LLC now owns 152,000 shares of the company’s stock worth $2,380,000 after buying an additional 15,000 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of DigitalGlobe by 2.9% in the fourth quarter. California Public Employees Retirement System now owns 201,600 shares of the company’s stock worth $3,157,000 after buying an additional 5,600 shares in the last quarter.
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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