BMO Capital Markets Lowers DHX Media (DHX) Price Target to C$2.25

DHX Media (TSE:DHX) had its target price decreased by equities researchers at BMO Capital Markets from C$2.50 to C$2.25 in a research report issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 30.06% from the company’s previous close.

Other analysts have also issued research reports about the stock. CIBC decreased their price target on shares of DHX Media from C$2.25 to C$2.00 in a research note on Wednesday. B. Riley boosted their price target on shares of DHX Media from C$3.50 to C$4.00 and gave the company a “buy” rating in a research note on Tuesday, February 5th. TD Securities decreased their price target on shares of DHX Media from C$2.75 to C$2.25 and set a “hold” rating for the company in a research note on Wednesday, February 13th. National Bank Financial reduced their target price on shares of DHX Media from C$2.25 to C$2.00 and set a “sector perform” rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada reduced their target price on shares of DHX Media from C$3.00 to C$2.50 and set a “sector perform” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. DHX Media has a consensus rating of “Hold” and a consensus target price of C$2.57.

Shares of DHX Media stock traded down C$0.08 during trading on Wednesday, reaching C$1.73. 74,996 shares of the company traded hands, compared to its average volume of 246,363. The company has a quick ratio of 1.05, a current ratio of 1.69 and a debt-to-equity ratio of 112.06. DHX Media has a 1-year low of C$1.09 and a 1-year high of C$3.69. The company has a market capitalization of $258.97 million and a PE ratio of -4.66.

DHX Media (TSE:DHX) last announced its quarterly earnings results on Tuesday, February 12th. The company reported C($0.13) EPS for the quarter, missing the Zacks’ consensus estimate 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. Sell-side analysts expect that DHX Media will post -0.04 EPS for the current fiscal year.

About DHX Media

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: Dollar Cost Averaging

Analyst Recommendations for DHX Media (TSE:DHX)

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