DigitalGlobe, Inc (NYSE:DGI):
MDA and DigitalGlobe Provide Update on Merger.
In the market the company is trading up from yesterday’s close of $33.25.
DigitalGlobe, Inc., launched on August 21, 1995, is a provider of Earth imagery, data and analysis. The Business’s imagery solutions and other services support a range of uses, including mission-planning, mapping and analysis, environmental monitoring, oil and gas exploration and infrastructure management. The Business’s imagery solutions and other services are sourced from its own satellite constellation and third-party providers. The Company sells its products and services through a combination of direct and indirect channels, consisting of a global network of resellers, strategic partners and direct enterprise sales to its United States Government and Diversified Commercial customer groups. The Company offers products consisting of imagery from its constellation of satellites, and provides geospatial products and services..
Shares of the company are trading at $33.40 just a bit higher than $31.79, the 50 day moving average and just above the 200 day moving average of $31.18. The 50 day moving average was up $1.61 or +5.05% and the 200 day average moved up $2.22.
The most current P/E ratio is 188.70 and market capitalization is 2.07B. As of the last earnings report the EPS was $0.18 and is projected to be $-0.02 for the current year with 62,035,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.03 with next year’s EPS anticipated to be $0.31.
A few brokerage firms have provided guidance on the company. July 29 investment analysts at JP Morgan left the company rating at “Neutral” and lowered the price expectation to $22.00 from $27.00. On May 17 the company was downgraded from “” to “Equal-weight” and a price target of $23.00 was set by analysts at Morgan Stanley.
On February 26 the stock rating was downgraded to “Neutral” from “Buy” with a current price target of $0.00 by Chardan Capital. On October 30 the stock rating was downgraded to “Market Perform” from “Outperform” in a statement from Raymond James.
On October 30 Piper Jaffray left the stock rating at “Overweight” but moved down the price target from $39.00 to $25.00. JP Morgan downgraded the stock and lowered the price target on September 24 changing the price target from $30.00 to $27.00 and moving the rating from “Overweight” to “Neutral”.