Scripps Networks Interactive Rating Reiterated by Zacks (SNI)
Zacks reaffirmed their neutral rating on shares of Scripps Networks Interactive (NYSE: SNI) in a research note released on Wednesday morning. They currently have a $67.00 price target on the stock.
Zacks’ analyst wrote, “We reaffirm our long-term Neutral recommendation on Scripps Networks. The company’s fourth quarter of 2012 financial results missed the Zacks Consensus Estimates. Nevertheless, Scripps Networks is generating solid growth in advertising and affiliate-fee revenue at its flagship Lifestyle Media businesses and higher segment profits. A systematic share buyback program and recent hike in dividend rate will further improve profitability of the company. Scripps Network is gradually diversifying into a mobile platform for its contents. We believe both advertising revenue and affiliate fee revenue will remain healthy in the near future. Meanwhile, the stock price has soared nearly 40.6% in the last year and is currently trading at the high-end of its 52-week price range. We also remain concerned that the U.S. economy is still not fully out of the woods. If the U.S. fails to maintain its recovery momentum, Scripps Networks will suffer again.”
A number of other firms have also recently commented on SNI. Analysts at Deutsche Bank cut their price target on shares of Scripps Networks Interactive from $65.00 to $61.00 in a research note to investors on Friday, February 8th. They now have a hold rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Scripps Networks Interactive from $62.00 to $64.00 in a research note to investors on Friday, February 8th. They now have an equal weight rating on the stock. Finally, analysts at Wunderlich cut their price target on shares of Scripps Networks Interactive from $73.00 to $68.00 in a research note to investors on Friday, February 8th. They now have a buy rating on the stock.
Eight research analysts have rated the stock with a buy rating, fourteen have issued a hold rating, and one has issued a sell rating to the stock. Scripps Networks Interactive presently has a consensus rating of overweight and a consensus target price of $65.00.
Shares of Scripps Networks Interactive (NYSE: SNI) traded up 0.16% during mid-day trading on Wednesday, hitting $64.62. Scripps Networks Interactive has a 52 week low of $45.67 and a 52 week high of $66.33. The stock’s 50-day moving average is currently $62.19. The company has a market cap of $9.588 billion and a P/E ratio of 14.53.
Scripps Networks Interactive, Inc. (SNI) is a lifestyle content company with television and interactive brands.
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