Research analysts at UBS AG (NYSE: UBS) increased their target price on shares of Scripps Networks Interactive (NYSE: SNI) from $48.00 to $55.00 in a report released on Friday. The firm currently has a “neutral” rating on the stock.
Scripps Networks Interactive opened at 54.21 on Friday. Scripps Networks Interactive has a 1-year low of $33.82 and a 1-year high of $52.37. The company has a market cap of $8.253 billion and a price-to-earnings ratio of 20.67.
Scripps Networks Interactive last released its earnings data on Thursday, May 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts expect that Scripps Networks Interactive will post $0.75 EPS next quarter.
SNI has been the subject of a number of other recent research reports. Analysts at Morgan Stanley (NYSE: MS) raised their EPS on shares of Scripps Networks Interactive in a research note to investors on Friday. They now have an “equal weight” rating and a $58.00 price target on the stock. Separately, analysts at MKM Partners raised their price target on shares of Scripps Networks Interactive from $49.00 to $60.00 in a research note to investors on Friday. They now have a “buy” rating on the stock.
Scripps Networks Interactive, Inc. (SNI) is a lifestyle content and interactive services company with television and interactive brands.