A number of research firms have changed their ratings and price targets for Scripps Networks Interactive (NASDAQ: SNI):

  • 8/1/2017 – Scripps Networks Interactive was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.
  • 8/1/2017 – Scripps Networks Interactive had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a $90.00 price target on the stock, up previously from $83.00.
  • 8/1/2017 – Scripps Networks Interactive was upgraded by analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating. They now have a $90.00 price target on the stock, up previously from $66.00.
  • 7/31/2017 – Scripps Networks Interactive was upgraded by analysts at Moffett Nathanson from a “sell” rating to a “neutral” rating. They now have a $87.00 price target on the stock, up previously from $61.00.
  • 7/31/2017 – Scripps Networks Interactive was downgraded by analysts at Needham & Company LLC from a “buy” rating to a “hold” rating.
  • 7/27/2017 – Scripps Networks Interactive had its “buy” rating reaffirmed by analysts at Gabelli.
  • 7/25/2017 – Scripps Networks Interactive was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Scripps Networks' top line in the second quarter is expected to be driven by strong growth in advertising revenues in its U.S. Networks division. The company's efforts to exapnd its operations are also impressive. The company recently announced plans to acquire Spoon University. We are also impressed by its efforts to reward shareholders. In Feb 2017, the company hiked its quarterly dividend by 20% to $0.30 per share. However, the company's high debt levels bother us. We also remain mindful of other headwinds like mounting programming costs, advertising and marketing expenses. The headwinds are likely to hurt the company's bottom line in the second quarter of 2017. Detailed results should be out on Aug 9. On the conference call, we expect an update on rumors regarding its merger with Discovery or Viacom. Shares of Scripps Networks have underperformed its industry over the past one year. “
  • 7/21/2017 – Scripps Networks Interactive had its “neutral” rating reaffirmed by analysts at MKM Partners. They now have a $73.00 price target on the stock, down previously from $84.00.
  • 7/20/2017 – Scripps Networks Interactive is now covered by analysts at Wells Fargo & Company. They set a “market perform” rating and a $82.00 price target on the stock.
  • 7/17/2017 – Scripps Networks Interactive was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Scripps Networks have underperformed the Zacks-categorized Broadcasting-Radio TV industry over the past one year. The company's high debt levels bother us. We also remain mindful of other headwinds like mounting programming costs, advertising and marketing expenses. Scripps Networks also remains exposed to foreign currency exchange rate risks due to its presence in Europe and Asia. The headqinds are likely to hurt the company's bottom line in the second quarter of 2017. Detailed results should be out on Aug 9. The negative sentiment surrounding the stock can be gauged from the fact that the Zacks Consensus Estimate for the quarter has moved down 1.93% in the last month to $1.52 per share. We are however impressed by Scripps Networks' expansion efforts. The company recently announced plans to acquire Spoon University. We are also impressed by its efforts to reward shareholders. “
  • 7/10/2017 – Scripps Networks Interactive had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $83.00 price target on the stock.

Shares of Scripps Networks Interactive, Inc (NASDAQ SNI) opened at 86.83 on Friday. The stock has a 50 day moving average of $76.01 and a 200 day moving average of $74.59. Scripps Networks Interactive, Inc has a 12-month low of $59.32 and a 12-month high of $88.45. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 17.92 and a beta of 1.49.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of Scripps Networks Interactive stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total value of $101,794.97. Following the transaction, the director now owns 9,457 shares in the company, valued at $830,608.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Edward W. Scripps sold 300,000 shares of Scripps Networks Interactive stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $66.96, for a total value of $20,088,000.00. Following the completion of the transaction, the insider now owns 232,071 shares in the company, valued at approximately $15,539,474.16. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.

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