According to Zacks, “DigitalGlobe, Inc. is a global provider of commercial high-resolution earth imagery products and services. The company’s products include DigitalGlobe System, QuickBird satellite, ImageAtlas; and GlobeXplorer. DigitalGlobe System offers collection and archival of geospatial information data and QuickBird satellite, which provides commercial resolution imaging systems. DigitalGlobe operates a constellation of high resolution earth imaging satellites, possesses a growing aerial imagery network and offers a comprehensive geoinformation product store – DigitalGlobe.com – that allows quick access and order a wide variety of imagery and derivative information products. DigitalGlobe conducts its business through two segments: defense and intelligence, and commercial. Headquartered in Longmont, Colorado, the company operates as a subsidiary of Morgan Stanley & Co. Inc. “
A number of other brokerages also recently issued reports on DGI. Jefferies Group reiterated a buy rating and issued a $30.00 price target on shares of DigitalGlobe in a report on Tuesday, September 13th. Benchmark Co. reissued a hold rating and issued a $20.00 price objective on shares of DigitalGlobe in a research report on Wednesday, September 21st. Piper Jaffray Cos. reissued an overweight rating and issued a $32.00 price objective on shares of DigitalGlobe in a research report on Wednesday, August 31st. JPMorgan Chase & Co. raised their price objective on DigitalGlobe from $20.00 to $22.00 and gave the stock a neutral rating in a research report on Friday, July 29th. Finally, Dougherty & Co raised their price objective on DigitalGlobe from $33.00 to $35.00 and gave the stock a buy rating in a research report on Friday, July 29th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. DigitalGlobe has a consensus rating of Hold and a consensus target price of $27.88.
Shares of DigitalGlobe (NYSE:DGI) opened at 27.50 on Wednesday. The stock has a market cap of $1.72 billion, a PE ratio of 52.48 and a beta of 0.21. DigitalGlobe has a 12 month low of $11.80 and a 12 month high of $28.33. The firm has a 50-day moving average price of $26.83 and a 200-day moving average price of $22.38.
DigitalGlobe (NYSE:DGI) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.11. DigitalGlobe had a return on equity of 3.18% and a net margin of 5.54%. The business had revenue of $175.50 million for the quarter, compared to the consensus estimate of $168.71 million. During the same period last year, the business posted $0.09 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. Equities analysts forecast that DigitalGlobe will post $0.45 EPS for the current year.
Several institutional investors have recently modified their holdings of DGI. California Public Employees Retirement System boosted its position in shares of DigitalGlobe by 0.4% in the second quarter. California Public Employees Retirement System now owns 193,700 shares of the company’s stock valued at $4,143,000 after buying an additional 700 shares during the period. Teacher Retirement System of Texas boosted its position in shares of DigitalGlobe by 12.1% in the second quarter. Teacher Retirement System of Texas now owns 9,115 shares of the company’s stock valued at $195,000 after buying an additional 985 shares during the period. I.G. Investment Management LTD. boosted its position in shares of DigitalGlobe by 1.9% in the second quarter. I.G. Investment Management LTD. now owns 76,873 shares of the company’s stock valued at $1,644,000 after buying an additional 1,397 shares during the period. Principal Financial Group Inc. boosted its position in shares of DigitalGlobe by 17.9% in the second quarter. Principal Financial Group Inc. now owns 12,028 shares of the company’s stock valued at $257,000 after buying an additional 1,827 shares during the period. Finally, Teachers Advisors Inc. boosted its position in shares of DigitalGlobe by 1.8% in the first quarter. Teachers Advisors Inc. now owns 108,536 shares of the company’s stock valued at $1,878,000 after buying an additional 1,876 shares during the period.
DigitalGlobe Company Profile
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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