Dst Systems PT Raised to $86.00 (DST)
“Following a recent meeting with DST’s CFO and using information from the company’s 10K filing along with other data points, we are raising our price target to $86 from $78. Our price target represents what we think is fair value today and is based on a sum-of-the-parts analysis. We think our new price target could prove conservative if DST continues to show fundamental improvements in its core businesses and/or accelerates monetization efforts. DST is our top pick across our coverage universe.,” the firm’s analyst wrote.
Shares of Dst Systems traded down 0.03% during mid-day trading on Monday, hitting $69.64. Dst Systems has a 52 week low of $47.88 and a 52 week high of $69.89. The stock’s 50-day moving average is currently $66.48. The company has a market cap of $3.078 billion and a P/E ratio of 9.84.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 15th. Investors of record on Tuesday, February 19th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, February 14th.
DST has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a neutral rating on shares of Dst Systems in a research note to investors on Friday, February 1st. They now have a $70.00 price target on the stock.
Three research analysts have rated the stock with a buy rating, one has assigned an overweight rating, and three have given a hold rating to the company’s stock. The company presently has a consensus rating of overweight and an average target price of $78.20.
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