Benchmark Co. Raises GeoEye to Buy (GEOY)

By admin | 6 years ago

GeoEye (NASDAQ: GEOY) was upgraded by equities researchers at Benchmark Co. from a “hold” rating to a “buy” rating in a report issued on Friday. The firm currently has a $30.00 target price on the stock.

Shares of GeoEye traded down 3.75% during mid-day trading on Friday, hitting $23.90. GeoEye has a 52 week low of $17.98 and a 52 week high of $42.31. The company has a market cap of $531.4 million and a P/E ratio of 11.29.

GeoEye last announced its earnings results on Thursday, May 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.07. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts predict that GeoEye will post $0.57 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Dougherty & Co upgraded shares of GeoEye from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, March 14th. Separately, analysts at Raymond James (NYSE: RJF) upgraded shares of GeoEye from an “outperform” rating to a “strong-buy” rating in a research note to investors on Thursday, February 16th.

GeoEye, Inc. (GeoEye) is a commercial provider of earth imagery, and a provider of image-processing services and geospatial information services to the United States and foreign government defense and intelligence organizations, domestic federal and foreign civil agencies and commercial customers.

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