DigitalGlobe Inc. (DGI) Reaches New 12-Month High at $27.70
Shares of DigitalGlobe Inc. (NYSE:DGI) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $27.70 and last traded at $27.57, with a volume of 67,666 shares traded. The stock had previously closed at $27.34.
DGI has been the subject of a number of analyst reports. Dougherty & Co raised their price target on DigitalGlobe from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. JPMorgan Chase & Co. raised their price target on DigitalGlobe from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Morgan Stanley downgraded DigitalGlobe from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $22.00 to $23.00 in a research report on Tuesday, May 17th. Zacks Investment Research downgraded DigitalGlobe from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. Finally, Jefferies Group restated a “buy” rating on shares of DigitalGlobe in a research report on Thursday, April 28th. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $28.13.
The stock has a market cap of $1.74 billion and a PE ratio of 53.03. The company’s 50-day moving average is $25.08 and its 200 day moving average is $20.25.
DigitalGlobe (NYSE:DGI) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.06 by $0.11. During the same period in the prior year, the business earned $0.09 earnings per share. The business earned $175.50 million during the quarter, compared to analyst estimates of $168.71 million. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts forecast that DigitalGlobe Inc. will post $0.42 EPS for the current year.
Several hedge funds have bought and sold shares of DGI. Dimensional Fund Advisors LP boosted its stake in DigitalGlobe by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,738,546 shares of the company’s stock valued at $58,545,000 after buying an additional 69,557 shares in the last quarter. Trexquant Investment LP acquired a new stake in DigitalGlobe during the fourth quarter valued at approximately $1,690,000. Schroder Investment Management Group boosted its stake in DigitalGlobe by 4.2% in the fourth quarter. Schroder Investment Management Group now owns 1,562,100 shares of the company’s stock valued at $24,462,000 after buying an additional 63,500 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in DigitalGlobe by 2.9% in the fourth quarter. California Public Employees Retirement System now owns 201,600 shares of the company’s stock valued at $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.