DHX Media (TSE:DHX) had its price target lifted by stock analysts at B. Riley from C$3.50 to C$4.00 in a research report issued on Tuesday. The firm presently has a “buy” rating on the stock. B. Riley’s target price suggests a potential upside of 45.99% from the stock’s current price.
A number of other research firms have also issued reports on DHX. National Bank Financial lowered DHX Media from a “sector perform” rating to an “underperform” rating and set a C$2.75 target price on the stock. in a report on Monday, December 10th. CIBC lowered DHX Media from a “neutral” rating to an “underperform” rating and raised their target price for the company from C$2.00 to C$2.50 in a report on Wednesday, November 14th. Royal Bank of Canada raised their target price on DHX Media from C$2.00 to C$3.00 and gave the company a “sector perform” rating in a report on Wednesday, November 14th. TD Securities raised their target price on DHX Media from C$1.50 to C$2.75 and gave the company a “hold” rating in a report on Wednesday, November 14th. Finally, BMO Capital Markets raised their target price on DHX Media from C$1.50 to C$2.50 in a report on Wednesday, November 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$2.88.
Shares of DHX stock opened at C$2.74 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 1.03 and a debt-to-equity ratio of 108.84. DHX Media has a twelve month low of C$1.09 and a twelve month high of C$3.69. The company has a market capitalization of $347.96 million and a P/E ratio of -14.97.
DHX Media (TSE:DHX) last released its earnings results on Tuesday, November 13th. The company reported C($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C($0.05) by C$0.03. The business had revenue of C$104.04 million during the quarter, compared to analyst estimates of C$95.20 million. On average, research analysts forecast that DHX Media will post 0.01 EPS for the current year.
In other news, insider Debra Fine acquired 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 12th. The shares were bought at an average price of C$2.27 per share, with a total value of C$113,500.00. Also, insider Fine Capital Partners, L.P. acquired 62,070 shares of the firm’s stock in a transaction dated Friday, December 14th. The shares were purchased at an average cost of C$2.09 per share, for a total transaction of C$129,726.30. Insiders acquired a total of 1,116,270 shares of company stock worth $2,709,117 in the last ninety days.
About DHX Media
DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company operates through three segments: Content Business, DHX Television, and Consumer Products Represented.
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