DigitalGlobe Inc. (DGI) Hits New 12-Month High at $27.45
Shares of DigitalGlobe Inc. (NYSE:DGI) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $27.45 and last traded at $27.44, with a volume of 132,657 shares traded. The stock had previously closed at $26.98.
A number of analysts have recently issued reports on the company. Zacks Investment Research raised DigitalGlobe from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, June 28th. Dougherty & Co boosted their price objective on DigitalGlobe from $33.00 to $35.00 and gave the company a “buy” rating in a report on Friday, July 29th. Morgan Stanley lowered DigitalGlobe from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $22.00 to $23.00 in a report on Tuesday, May 17th. Jefferies Group reissued a “buy” rating on shares of DigitalGlobe in a report on Thursday, April 28th. Finally, JPMorgan Chase & Co. boosted their price objective on DigitalGlobe from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $28.13.
The company’s 50-day moving average price is $22.82 and its 200 day moving average price is $18.90. The company has a market capitalization of $1.71 billion and a P/E ratio of 52.10.
DigitalGlobe (NYSE:DGI) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.11. The business earned $175.50 million during the quarter, compared to the consensus estimate of $168.71 million. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 earnings per share. Analysts predict that DigitalGlobe Inc. will post $0.42 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in 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 worth $58,545,000 after buying an additional 69,557 shares during the period. I.G. Investment Management LTD. boosted its stake in DigitalGlobe by 6.5% in the fourth quarter. I.G. Investment Management LTD. now owns 71,063 shares of the company’s stock worth $1,113,000 after buying an additional 4,324 shares during the period. Trexquant Investment LP purchased a new stake in DigitalGlobe during the fourth quarter worth about $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 worth $24,462,000 after buying an additional 63,500 shares during the period. 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 worth $3,157,000 after buying an additional 5,600 shares during the period.
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.