DigitalGlobe Inc (DGI) : Analyst Rating Update

DigitalGlobe Inc (DGI) : 2 brokerage houses believe that DigitalGlobe Inc (DGI) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on DigitalGlobe Inc (DGI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.29.

DigitalGlobe Inc (DGI) : The most positive equity analysts on DigitalGlobe Inc (DGI) expects the shares to touch $33, whereas, the least positive believes that the stock will trade at $23 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $27.83 with an expected fluctuation of $3.87 from the mean.

DigitalGlobe Inc (NYSE:DGI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.17 and $20.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.33, notching a gain of 0.19% for the day. The total traded volume was 404,263 . The stock had closed at $21.29 on the previous day.

Also, Equity analysts at the Brokerage firm Morgan Stanley downgrades its rating on DigitalGlobe Inc (NYSE:DGI). The rating major has initiated the coverage with equal-weight rating on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The Analysts at Morgan Stanley raises the price target from $22 per share to $23 per share. The rating by the firm was issued on May 17, 2016. The company shares have dropped -19.23% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $27.20 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $20.91 and the 200 Day Moving Average price is recorded at $17.51.

DigitalGlobe, Inc. (DigitalGlobe) is a provider of geospatial information products and services. The Companys products and services support users in a variety of fields, including defense, intelligence and homeland security, mapping and analysis, environmental monitoring, oil and gas exploration, and infrastructure management. The Company offers earth imagery products that include imagery from its constellation of high-resolution satellites, as well as satellite and aerial imagery acquired from a third party supplier. The Company processes its imagery to varying levels according to its customers specifications and delivers its products using the distribution method that suits its customers needs. DigitalGlobe sell its products and services through a combination of direct and indirect channels, consisting of a global network of resellers, strategic partners, direct enterprise sales and web.

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