DHX Media (DHX) Price Target Cut to C$2.50

DHX Media (TSE:DHX) had its price target cut by stock analysts at Royal Bank of Canada from C$3.00 to C$2.50 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 44.51% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. TD Securities reduced their price target on shares of DHX Media from C$2.75 to C$2.25 and set a “hold” rating on the stock in a research report on Wednesday, February 13th. National Bank Financial reduced their price target on shares of DHX Media from C$2.75 to C$2.25 and set a “sector perform” rating on the stock in a research report on Wednesday, February 13th. CIBC reduced their price target on shares of DHX Media from C$2.50 to C$2.25 in a research report on Wednesday, February 13th. Finally, B. Riley raised their target price on shares of DHX Media from C$3.50 to C$4.00 and gave the stock a “buy” rating in a report on Tuesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$2.57.

TSE DHX traded down C$0.08 on Wednesday, reaching C$1.73. 74,996 shares of the company’s stock traded hands, compared to its average volume of 246,363. DHX Media has a 12 month low of C$1.09 and a 12 month high of C$3.69. The company has a debt-to-equity ratio of 112.06, a current ratio of 1.69 and a quick ratio of 1.05. The stock has a market capitalization of $258.97 million and a P/E ratio of -4.66.

DHX Media (TSE:DHX) last issued its quarterly earnings results on Tuesday, February 12th. The company reported C($0.13) EPS for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.11). The business had revenue of C$117.02 million for the quarter, compared to analyst estimates of C$119.03 million. As a group, equities analysts expect that DHX Media will post -0.04 earnings per share for the current fiscal year.

DHX Media Company Profile

DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company operates through three segments: Content Business, DHX Television, and Consumer Products Represented.

Further Reading: What is the strike price in options trading?

Analyst Recommendations for DHX Media (TSE:DHX)

Receive News & Ratings for DHX Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DHX Media and related companies with MarketBeat.com's FREE daily email newsletter.