Citizens Jmp Reiterates Market Outperform Rating for Paramount Skydance (NASDAQ:PSKY)

Paramount Skydance (NASDAQ:PSKY)‘s stock had its “market outperform” rating reaffirmed by research analysts at Citizens Jmp in a research report issued on Tuesday, Benzinga reports. They currently have a $14.00 price target on the stock. Citizens Jmp’s target price indicates a potential upside of 41.27% from the stock’s current price.

Several other brokerages have also recently commented on PSKY. Weiss Ratings upgraded shares of Paramount Skydance from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Barclays initiated coverage on shares of Paramount Skydance in a research report on Thursday. They set an “underweight” rating and a $8.00 price target for the company. Benchmark lowered their price target on Paramount Skydance from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Arete Research reaffirmed a “sell” rating and set a $2.00 price objective on shares of Paramount Skydance in a report on Thursday, July 9th. Finally, TD Cowen decreased their target price on Paramount Skydance from $13.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat.com, Paramount Skydance currently has a consensus rating of “Reduce” and an average target price of $11.17.

Paramount Skydance Stock Down 2.9%

PSKY opened at $9.91 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.04 and a quick ratio of 0.88. Paramount Skydance has a 12 month low of $7.62 and a 12 month high of $20.86. The stock has a market capitalization of $11.12 billion, a P/E ratio of 34.17, a P/E/G ratio of 0.97 and a beta of 1.50. The business has a 50 day simple moving average of $9.74 and a 200-day simple moving average of $10.08.

Paramount Skydance (NASDAQ:PSKY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $6.91 billion during the quarter. Paramount Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%. On average, equities analysts anticipate that Paramount Skydance will post 0.56 earnings per share for the current fiscal year.

Institutional Trading of Paramount Skydance

A number of hedge funds have recently bought and sold shares of the company. Huntington National Bank boosted its holdings in shares of Paramount Skydance by 108.2% during the fourth quarter. Huntington National Bank now owns 2,259 shares of the company’s stock worth $30,000 after purchasing an additional 1,174 shares during the last quarter. Larson Financial Group LLC grew its holdings in Paramount Skydance by 539.3% in the 4th quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock valued at $31,000 after buying an additional 1,936 shares during the period. Compass Financial Management LLC acquired a new position in shares of Paramount Skydance during the 2nd quarter valued at about $42,000. Global Retirement Partners LLC lifted its holdings in shares of Paramount Skydance by 357.5% during the 4th quarter. Global Retirement Partners LLC now owns 4,479 shares of the company’s stock worth $60,000 after acquiring an additional 3,500 shares during the period. Finally, CX Institutional lifted its holdings in shares of Paramount Skydance by 38.1% during the 2nd quarter. CX Institutional now owns 4,612 shares of the company’s stock worth $45,000 after acquiring an additional 1,273 shares during the period. Institutional investors and hedge funds own 73.00% of the company’s stock.

Trending Headlines about Paramount Skydance

Here are the key news stories impacting Paramount Skydance this week:

• Positive Sentiment: Paramount reached settlements with California and other state attorneys general, as well as the Writers Guild, removing a major legal obstacle to its approximately $110 billion Warner Bros. Discovery acquisition. The agreement could allow the merger to proceed sooner than previously expected. Reuters settlement report
• Positive Sentiment: The settlement improves deal certainty and supports the strategic case for combining Paramount’s assets with WBD’s studios, networks and streaming operations. The development initially drove strong gains in both companies’ shares and increased bullish options activity in PSKY. CNBC merger settlement report
• Neutral Sentiment: To secure approval, Paramount reportedly agreed to concessions including investment in California production and commitments to remain in the state. The concessions may preserve production capacity and employment, but they will add costs and could include penalties of up to $30 million for missed film commitments. Wall Street Journal settlement details
• Negative Sentiment: Investors remain concerned that Paramount could carry roughly $80 billion of debt after closing the WBD transaction. High leverage could constrain investment, increase interest costs and make it harder to integrate the combined company or improve Paramount+ profitability. Motley Fool debt analysis
• Negative Sentiment: Critics argue the settlement provides insufficient protections for competition and jobs, leaving regulatory, political and integration risks unresolved. Paramount also extended the deadlines for its WBD-related debt tender and exchange offers to October 2, signaling that financing and bondholder participation remain important near-term uncertainties. Paramount debt offer extension announcement

Paramount Skydance Company Profile

Paramount Skydance Corporation (NASDAQ: PSKY) is a global media and entertainment company formed through the combination of Paramount Global and Skydance Media. The company develops, produces and distributes feature films, television programming and other video content for audiences in the United States and international markets.

Its portfolio includes Paramount Pictures, CBS, Nickelodeon, MTV, Comedy Central, BET, Showtime and other well-known entertainment brands. Paramount Skydance also operates streaming services including Paramount+ and Pluto TV, as well as businesses involved in television broadcasting, news, sports and content licensing.

The company’s history includes Paramount Pictures, one of Hollywood’s longstanding film studios, and Skydance Media, a production company founded in 2010 by David Ellison.