Canaccord Genuity Reaffirms Buy Rating on DigitalGlobe (DGI)

By admin | 7 years ago

DigitalGlobe (NYSE: DGI)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Wednesday.

Several other analysts have also recently commented on the stock. Analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of DigitalGlobe in a research note to investors on Monday, March 12nd. Finally, analysts at Raymond James (NYSE: RJF) upgraded shares of DigitalGlobe from an “outperform” rating to a “strong-buy” rating in a research note to investors on Thursday, February 16th.

Shares of DigitalGlobe traded down 1.25% during mid-day trading on Wednesday, hitting $13.40. DigitalGlobe has a one year low of $11.61 and a one year high of $27.42. The company’s market cap is $620.7 million.

The company last announced its quarterly results on Tuesday, May 1st. It reported $0.08 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.02 EPS by $0.06. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, analysts predict that DigitalGlobe will post $0.16 earnings per share next quarter.

DigitalGlobe, Inc. is a provider of commercial high-resolution earth imagery products and services. The Company’s products and services support a variety of uses, including defense, intelligence and homeland security applications, mapping and analysis, environmental monitoring, oil and gas exploration, and infrastructure management.

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