Paramount Skydance (NASDAQ:PSKY) Price Target Lowered to $13.00 at TD Cowen

Paramount Skydance (NASDAQ:PSKYGet Free Report) had its price target cut by analysts at TD Cowen from $15.00 to $13.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price target suggests a potential upside of 16.70% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Wolfe Research reiterated an “underperform” rating and issued a $13.00 price objective on shares of Paramount Skydance in a research report on Monday, December 15th. Bank of America boosted their price objective on Paramount Skydance from $11.00 to $13.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 11th. Sanford C. Bernstein raised their target price on shares of Paramount Skydance from $11.00 to $12.00 and gave the company an “underperform” rating in a report on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a research note on Monday, December 29th. Finally, Guggenheim reissued a “neutral” rating and issued a $16.00 target price on shares of Paramount Skydance in a report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $13.92.

View Our Latest Report on Paramount Skydance

Paramount Skydance Price Performance

PSKY stock traded up $0.98 during mid-day trading on Thursday, reaching $11.14. The company’s stock had a trading volume of 9,563,455 shares, compared to its average volume of 7,861,150. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 1.00. The company’s 50 day moving average is $11.82 and its two-hundred day moving average is $14.54. Paramount Skydance has a fifty-two week low of $9.95 and a fifty-two week high of $20.86. The stock has a market cap of $11.94 billion, a PE ratio of -371.21 and a beta of 1.23.

Paramount Skydance (NASDAQ:PSKYGet Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $999.00 EPS for the quarter, beating the consensus estimate of ($0.02) by $999.02. The firm had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.17 billion. Paramount Skydance had a positive return on equity of 3.95% and a negative net margin of 0.95%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Paramount Skydance in the third quarter valued at approximately $25,000. Kelleher Financial Advisors purchased a new stake in Paramount Skydance in the 3rd quarter valued at $32,000. Center for Financial Planning Inc. acquired a new stake in Paramount Skydance during the 3rd quarter worth $35,000. Versant Capital Management Inc purchased a new position in Paramount Skydance during the 3rd quarter worth $39,000. Finally, Addison Advisors LLC purchased a new position in Paramount Skydance during the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

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About Paramount Skydance

(Get Free Report)

Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.

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