DHX Media (DHXM) Given Average Recommendation of “Buy” by Analysts
DHX Media (NASDAQ:DHXM) has earned a consensus rating of “Buy” from the seven ratings firms that are covering the company. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $10.00.
A number of equities research analysts recently issued reports on the company. TD Securities reissued a “buy” rating and set a $9.50 price target on shares of DHX Media in a research report on Tuesday, June 21st. Scotiabank reissued an “outperform” rating and set a $9.00 price target on shares of DHX Media in a research report on Friday, September 30th. Finally, RBC Capital Markets reissued an “outperform” rating and set a $10.00 price target on shares of DHX Media in a research report on Friday, September 23rd.
Several large investors have recently modified their holdings of the stock. Diker Management LLC increased its stake in shares of DHX Media by 430.9% in the second quarter. Diker Management LLC now owns 176,800 shares of the company’s stock worth $903,000 after buying an additional 143,500 shares in the last quarter. FMR LLC increased its stake in DHX Media by 8.4% in the second quarter. FMR LLC now owns 779,710 shares of the company’s stock valued at $3,995,000 after buying an additional 60,560 shares during the period. Sprott Inc. increased its stake in DHX Media by 42.4% in the second quarter. Sprott Inc. now owns 712,000 shares of the company’s stock valued at $3,660,000 after buying an additional 212,000 shares during the period. Cidel Asset Management Inc. increased its stake in DHX Media by 0.9% in the second quarter. Cidel Asset Management Inc. now owns 75,600 shares of the company’s stock valued at $385,000 after buying an additional 700 shares during the period. Finally, Bank of Montreal Can purchased a new stake in DHX Media during the second quarter valued at $126,000.
Shares of DHX Media (NASDAQ:DHXM) opened at 5.08 on Wednesday. The company has a market cap of $679.57 million and a P/E ratio of 30.60. The stock’s 50 day moving average price is $5.58 and its 200-day moving average price is $5.47. DHX Media has a 52-week low of $4.56 and a 52-week high of $7.40.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Tuesday, October 11th will be issued a $0.0138 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, October 6th. This is an increase from DHX Media’s previous quarterly dividend of $0.01.
DHX Media Company Profile
DHX Media Ltd. is a Canada-based children’s entertainment company. The Company’s business is producing, distributing, broadcasting and exploiting the rights for television and film programming, primarily focusing on children, youth and family productions. Its segments include its production, distribution and merchandising operations; Copyright Promotions Licensing Group (CPLG), and DHX Television.
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