DigitalGlobe Inc. (DGI) Hits New 1-Year High at $27.70
DigitalGlobe Inc. (NYSE:DGI)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $27.70 and last traded at $27.57, with a volume of 67,666 shares traded. The stock had previously closed at $27.34.
DGI has been the topic of a number of recent analyst reports. Dougherty & Co raised their target price on DigitalGlobe from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, July 29th. JPMorgan Chase & Co. lifted 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. Morgan Stanley cut DigitalGlobe from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $22.00 to $23.00 in a report on Tuesday, May 17th. Zacks Investment Research cut DigitalGlobe from a “buy” rating to a “hold” rating in a report on Thursday, July 14th. Finally, Jefferies Group reiterated a “buy” rating on shares of DigitalGlobe in a report on Thursday, April 28th. Six equities research 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 company’s stock. The company has an average rating of “Buy” and an average target price of $28.13.
The firm has a 50-day moving average of $24.82 and a 200-day moving average of $20.10. The company has a market cap of $1.73 billion and a PE ratio of 52.73.
DigitalGlobe (NYSE:DGI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.11. The company earned $175.50 million during the quarter, compared to analyst estimates of $168.71 million. During the same period in the previous year, the company posted $0.09 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities research analysts forecast that DigitalGlobe Inc. will post $0.42 earnings per share for the current fiscal year.
Other large investors have added to or reduced their stakes in the company. 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 valued at $3,157,000 after buying an additional 5,600 shares in the last quarter. 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 valued at $58,545,000 after buying an additional 69,557 shares in the last quarter. Trexquant Investment LP acquired a new stake in DigitalGlobe during the fourth quarter valued at approximately $1,690,000. Finally, 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 valued at $24,462,000 after buying an additional 63,500 shares in the last 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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