DTS (NASDAQ: DTSI) was downgraded by research analysts at JPMorgan Chase (NYSE: JPM) from a “neutral” rating to an “underweight” rating in a report released on Thursday. They currently have a $30.50 target price on the stock, up from their previous target price of $28.50.
Shares of DTS traded up 1.26% during mid-day trading on Thursday, hitting $28.22. DTS has a one year low of $20.93 and a one year high of $47.19. The company has a market cap of $465.6 million and a P/E ratio of 29.09.
DTS last issued its quarterly earnings data on Monday, May 7th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.02. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts predict that DTS will post $0.36 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at GARP Research reiterated a “buy” rating on shares of DTS in a research note to investors on Tuesday. Separately, analysts at Dougherty & Co raised their price target on shares of DTS from $30.00 to $34.00 in a research note to investors on Tuesday. Finally, analysts at Brigantine initiated coverage on shares of DTS in a research note to investors on Wednesday, March 14th. They set a “buy” rating and a $33.00 price target on the stock.
DTS, Inc. is a provider of branded entertainment technologies, which are incorporated into an array of entertainment products by licensee customers worldwide.