Scripps Networks Interactive, Inc (NASDAQ:SNI) has been given a $90.00 price target by equities researchers at Royal Bank Of Canada in a note issued to investors on Friday. The firm currently has a “hold” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 6.51% from the stock’s previous close.

A number of other analysts also recently commented on SNI. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $83.00 target price on shares of Scripps Networks Interactive in a report on Monday, July 10th. Zacks Investment Research downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Wells Fargo & Company started coverage on shares of Scripps Networks Interactive in a report on Thursday, July 20th. They issued a “market perform” rating and a $82.00 target price on the stock. MKM Partners reiterated a “neutral” rating and issued a $73.00 target price (down from $84.00) on shares of Scripps Networks Interactive in a report on Friday, July 21st. Finally, Gabelli restated a “buy” rating on shares of Scripps Networks Interactive in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company’s stock. Scripps Networks Interactive presently has a consensus rating of “Hold” and an average target price of $84.21.

Shares of Scripps Networks Interactive (SNI) opened at 84.50 on Friday. Scripps Networks Interactive has a 52-week low of $62.73 and a 52-week high of $88.45. The stock has a 50 day moving average of $85.33 and a 200 day moving average of $77.27. The firm has a market capitalization of $10.97 billion, a price-to-earnings ratio of 17.44 and a beta of 1.47.

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In related news, Director Jeffrey Sagansky sold 1,159 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total transaction of $101,794.97. Following the transaction, the director now directly owns 9,457 shares of the company’s stock, valued at $830,608.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Soros Fund Management LLC purchased a new position in Scripps Networks Interactive during the first quarter valued at approximately $4,945,000. Amalgamated Bank grew its position in Scripps Networks Interactive by 56.5% during the second quarter. Amalgamated Bank now owns 10,074 shares of the company’s stock valued at $688,000 after purchasing an additional 3,638 shares in the last quarter. LMR Partners LLP purchased a new position in Scripps Networks Interactive during the second quarter valued at approximately $1,380,000. Schwab Charles Investment Management Inc. grew its position in Scripps Networks Interactive by 17.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 500,910 shares of the company’s stock valued at $34,218,000 after purchasing an additional 73,006 shares in the last quarter. Finally, Swiss National Bank grew its position in Scripps Networks Interactive by 9.1% during the second quarter. Swiss National Bank now owns 312,861 shares of the company’s stock valued at $21,372,000 after purchasing an additional 26,000 shares in the last quarter. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Scripps Networks Interactive Company Profile

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.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

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