Why Has Macquarie Given Dreamworks Animation (NASDAQ:DWA) a $30 Price Target
Analysts at Macquarie began coverage on shares of Dreamworks Animation (NASDAQ:DWA) in analysts note sent to investors and clients on Wednesday, 9 December. The firm set Outperform rating on the stock. Macquarie’s target price per share of $30 suggests potential of 15.61% from the stock’s previous close.
From a total of 10 analysts covering Dreamworks Animation Skg Inc. (NASDAQ:DWA) stock, 4 rate it a ”Buy”, 4 a “Sell”, and 3 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is $34 while the lowest target price is $11. The mean of all analyst targets is $22.2 with a -42.20% below today’s ($25.95) stock price. Dreamworks Animation Skg Inc. was the topic of 6 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Topeka Capital Markets maintained shares on November 2 with “Hold” rating. B. Riley & Co upgraded DWA stock in a recent report from August 24 to “Buy” rating.
Approximately 144,289 shares of stock traded hands. Dreamworks Animation Skg Inc (NASDAQ:DWA) has declined 1.83% since May 6, 2015 and is downtrending. It has underperformed by 1.03% the S&P500.
The overall sentiment of institutions has decreased to 0.68 in Q2 2015. Its down 0.21, from 0.89 in 2015Q2. The ratio fall, as 18 institutions have sold all the shares of Dreamworks Animation Skg Inc that they owned while 63 funds have taken shares off the table. 15 funds have purchased shares for the first time while 40 added to their positions. These institutions now hold 87.40 million shares or 5.39% more than the 82.93 million shares they owned in 2015Q2.
The Fund Mad River Investors currently is holding shares equating to 3.79% of its total portfolio in Dreamworks Animation Skg Inc representing a total of 186,000 shares. Another fund,Horizon Kinetics Llc, is holding a total of 9.19 million shares equating to 2.91% of their holdings. Additionally, Lesa Sroufe & Co has a 175,903 share stake in Dreamworks Animation Skg Inc which represents 2.44% of their total portfolio. The Fund, Southeastern Asset Management Inc Tn, based out of Tennessee, has also built up a stake in the stock, which represents a total of 2.43% of their total portfolio. Finally Cove Street Capital Llc, a fund which is based in the state of California reported a total holdings of 581,027 shares.
DreamWorks Animation SKG, Inc. creates and exploits branded family entertainment, including animated feature films, television series and specials, live entertainment properties and related consumer products. The company has a market cap of $2.23 billion. The Firm operates in four divisions: Feature Films, Television Series and Specials, Consumer Products and New Media. It currently has negative earnings. Feature Films segment consists of the development, production and exploitation of feature films in the theatrical television home entertainment and digital markets.
According to Zacks Investment Research, “Dream Works Animation SKG, Inc. develops and produces computer generated animated feature films for a broad movie-going audience.” Get a free copy of the Zacks research report on Dreamworks Animation Skg Inc (DWA).