DigitalGlobe Inc. (DGI) Trading Down 1.8%
DigitalGlobe Inc. (NYSE:DGI)’s share price dropped 1.8% during trading on Friday . The company traded as low as $27.52 and last traded at $27.69, with a volume of 250,455 shares. The stock had previously closed at $28.20.
DGI has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of DigitalGlobe from a “buy” rating to a “hold” rating in a report on Thursday, July 14th. Morgan Stanley lowered shares of DigitalGlobe from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $22.00 to $23.00 in a report on Tuesday, May 17th. Dougherty & Co lifted their price target on shares of DigitalGlobe from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of DigitalGlobe from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $28.13.
The firm’s 50 day moving average is $25.44 and its 200-day moving average is $20.41. The company has a market capitalization of $1.75 billion and a PE ratio of 53.24.
DigitalGlobe (NYSE:DGI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.11. The company earned $175.50 million during the quarter, compared to the consensus estimate of $168.71 million. DigitalGlobe’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS. On average, analysts predict that DigitalGlobe Inc. will post $0.42 EPS for the current year.
An institutional investor recently raised its position in DigitalGlobe stock. Schroder Investment Management Group increased its position in DigitalGlobe Inc. (NYSE:DGI) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,562,100 shares of the company’s stock after buying an additional 63,500 shares during the period. Schroder Investment Management Group owned approximately 2.23% of DigitalGlobe worth $24,462,000 at the end of the most recent 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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