DigitalGlobe Inc (DGI) is Reiterated by Dougherty & Company to Buy, Raises Price Target to $ 35

DigitalGlobe Inc (DGI) was Reiterated by Dougherty & Company to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 35 from a previous price target of $33 . Dougherty & Company advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on DigitalGlobe Inc. DigitalGlobe Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on May 17, 2016.

On the company’s financial health, DigitalGlobe Inc reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.07. The company had revenue of $175.50 million for the quarter, compared to analysts expectations of $169.18 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

DigitalGlobe Inc closed down -0.16 points or -0.69% at $23.12 with 2,97,616 shares getting traded on Thursday. Post opening the session at $23.28, the shares hit an intraday low of $22.94 and an intraday high of $23.31 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 3, 2016, L Roger Jr. Mason (director) purchased 225 shares at $22.09 per share price. According to the SEC, on Mar 8, 2016, Stephanie Comfort (SVP, Strategy, Comms and Mktg) purchased 500 shares at $16.70 per share price. On Mar 4, 2016, Kimberly Till (director) purchased 180 shares at $16.43 per share price, according to the Form-4 filing with the securities and exchange commission.

DigitalGlobe Inc. (DigitalGlobe) is a provider of geospatial information products and services. The Company’s 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.

DigitalGlobe Inc

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