DGI has been the topic of several other reports. Zacks Investment Research cut DigitalGlobe from a buy rating to a hold rating in a research report on Thursday, July 14th. Jefferies Group reaffirmed a buy rating and set a $30.00 price objective on shares of DigitalGlobe in a research report on Monday, September 19th. Piper Jaffray Cos. reissued an overweight rating and issued a $32.00 price target on shares of DigitalGlobe in a research report on Wednesday, August 31st. Dougherty & Co boosted their price target on DigitalGlobe from $33.00 to $35.00 and gave the stock a buy rating in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. boosted their price target on DigitalGlobe from $20.00 to $22.00 and gave the stock a neutral rating in a research report on Friday, July 29th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. DigitalGlobe presently has a consensus rating of Buy and an average target price of $27.88.
DigitalGlobe (NYSE:DGI) opened at 26.92 on Wednesday. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 51.37 and a beta of 0.38. DigitalGlobe has a one year low of $11.80 and a one year high of $28.33. The firm’s 50-day moving average price is $26.81 and its 200 day moving average price is $22.15.
DigitalGlobe (NYSE:DGI) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.11. The business had revenue of $175.50 million for the quarter, compared to analysts’ expectations of $168.71 million. DigitalGlobe had a return on equity of 3.18% and a net margin of 5.54%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. On average, equities research analysts expect that DigitalGlobe will post $0.42 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new position in shares of DigitalGlobe during the first quarter worth $490,000. TIAA CREF Investment Management LLC raised its stake in shares of DigitalGlobe by 9.0% in the first quarter. TIAA CREF Investment Management LLC now owns 395,163 shares of the company’s stock worth $6,836,000 after buying an additional 32,476 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of DigitalGlobe by 1.8% in the first quarter. Teachers Advisors Inc. now owns 108,536 shares of the company’s stock worth $1,878,000 after buying an additional 1,876 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of DigitalGlobe during the first quarter worth $902,000. Finally, JPMorgan Chase & Co. raised its stake in shares of DigitalGlobe by 11.9% in the first quarter. JPMorgan Chase & Co. now owns 1,446,875 shares of the company’s stock worth $25,031,000 after buying an additional 153,522 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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