Zacks Investment Research Upgrades DLH Holdings Corp. (DLHC) to Buy
DLH Holdings Corp. (NASDAQ:DLHC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm currently has a $6.50 target price on the business services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 16.07% from the company’s current price.
According to Zacks, “DLH Holdings Corp. serves clients throughout the United States as a full-service provider of healthcare, logistics, and technical support services to DoD and Federal agencies. Its healthcare delivery solutions include professional services, such as case management, health and injury assessment, critical care, medical/surgical, emergency room/trauma center, counseling, behavioral health and trauma brain injury, medical systems analysis, and medical logistics, and allied support services in the areas of MRI technology, diagnostic sonography, phlebotomy, dosimetry, physical therapy, and pharmaceuticals. The company’s logistics and technical services include program and project management, systems engineering and applicable information technology services, integrated logistics support, training, equipment and non-tactical vehicle operations and maintenance, and facilities and shipyard support services. DLH Holdings Corp., formerly known as TeamStaff, Inc., is headquartered in Atlanta, Georgia. “
A number of other brokerages have also recently weighed in on DLHC. ValuEngine upgraded shares of DLH Holdings Corp. from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Noble Financial restated a “buy” rating on shares of DLH Holdings Corp. in a report on Wednesday. Four research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $6.67.
Shares of DLH Holdings Corp. (NASDAQ DLHC) traded down 1.75% during trading on Thursday, reaching $5.60. 1,627 shares of the company traded hands. The firm’s 50 day moving average is $5.67 and its 200-day moving average is $5.39. The stock has a market capitalization of $64.90 million, a P/E ratio of 15.01 and a beta of 0.72. DLH Holdings Corp. has a 12-month low of $4.10 and a 12-month high of $7.38.
DLH Holdings Corp. (NASDAQ:DLHC) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.02. DLH Holdings Corp. had a net margin of 4.12% and a return on equity of 14.19%. The company had revenue of $29.26 million for the quarter, compared to analysts’ expectations of $32 million. On average, equities research analysts anticipate that DLH Holdings Corp. will post $0.28 earnings per share for the current fiscal year.
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An institutional investor recently raised its position in DLH Holdings Corp. stock. Essex Investment Management Co. LLC raised its position in DLH Holdings Corp. (NASDAQ:DLHC) by 19.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 28,844 shares of the business services provider’s stock after buying an additional 4,758 shares during the period. Essex Investment Management Co. LLC owned approximately 0.26% of DLH Holdings Corp. worth $155,000 as of its most recent SEC filing. 50.92% of the stock is currently owned by institutional investors and hedge funds.
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