Skydance Corporation (NYSE:SKYD) Stock Has Average Target Price of $5.59 According to Brokerages

Shares of Skydance Corporation (NYSE:SKYD) have been given an average recommendation of “Reduce” by the eighteen analysts that are currently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $5.59.

Several brokerages recently weighed in on SKYD. Citigroup initiated coverage on Skydance in a report on Monday, September 14th. They issued an “outperform” rating for the company. Sanford C. Bernstein restated an “underperform” rating and issued a $6.00 price objective (down from $12.00) on shares of Skydance in a research note on Friday. UBS Group dropped their price objective on shares of Skydance from $5.00 to $4.00 and set a “sell” rating on the stock in a report on Wednesday, August 5th. Benchmark cut their target price on shares of Skydance from $9.50 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Finally, Arete Research reiterated a “sell” rating and set a $1.00 target price on shares of Skydance in a research report on Thursday, July 9th.

Skydance Stock Performance

NYSE:SKYD opened at $6.80 on Tuesday. The company has a market capitalization of $7.63 billion, a P/E ratio of 23.45 and a beta of 1.53. The business has a fifty day simple moving average of $5.92 and a two-hundred day simple moving average of $5.33. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.04 and a quick ratio of 0.88. Skydance has a 1 year low of $6.61 and a 1 year high of $17.29.

Skydance (NYSE:SKYD) last issued its earnings results on Tuesday, August 4th. The media and entertainment company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%. The firm had revenue of $6.91 billion for the quarter. On average, analysts expect that Skydance will post -0.37 earnings per share for the current year.

Institutional Trading of Skydance

A number of institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC bought a new stake in shares of Skydance during the second quarter valued at about $75,000. IFP Advisors Inc lifted its holdings in shares of Skydance by 11.6% in the second quarter. IFP Advisors Inc now owns 50,934 shares of the media and entertainment company’s stock worth $502,000 after buying an additional 5,294 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Skydance by 1.2% in the second quarter. Arizona State Retirement System now owns 89,455 shares of the media and entertainment company’s stock worth $882,000 after buying an additional 1,077 shares in the last quarter. Nykredit A S purchased a new stake in shares of Skydance in the second quarter worth about $150,000. Finally, Brown Financial Advisors purchased a new stake in shares of Skydance in the second quarter worth about $175,000. 73.00% of the stock is currently owned by hedge funds and other institutional investors.

Key Skydance News

Here are the key news stories impacting Skydance this week:

• Positive Sentiment: Skydance extended Jon Stewart’s contract through 2028, reducing near-term uncertainty around a prominent talent relationship and supporting the company’s content and programming strategy. Jon Stewart’s contract was expiring in December. Skydance just locked him through 2028
• Positive Sentiment: Laurene Powell Jobs invested $250 million in David Ellison’s Skydance, providing additional capital and signaling support from a high-profile investor. The investment could strengthen Skydance’s resources as it pursues expansion and media-industry opportunities. Laurene Powell Jobs Invested $250 Million in David Ellison’s Skydance
• Neutral Sentiment: AEW CEO Tony Khan said he has spoken with Skydance CEO David Ellison about AEW. The discussions could point to future content or distribution opportunities, but no transaction or partnership was announced. Tony Khan Says He’s Had Conversations With Skydance CEO David Ellison About AEW
• Neutral Sentiment: Reports preview upcoming Paramount Skydance earnings, keeping attention on revenue trends, profitability and management’s outlook as investors evaluate the company’s performance. Paramount Skydance’s quarterly earnings preview: What you need to know
• Negative Sentiment: Opponents of the Paramount-Warner Bros. merger are seeking an injunction to separate Paramount+ and HBO Max. A legal challenge could delay integration, increase costs and undermine anticipated streaming benefits. Paramount WBD Merger Opponents Seek Injunction to Separate Streamers
• Negative Sentiment: Christiane Amanpour’s planned CNN departure, alongside reported staff concerns about Skydance’s plans, raises questions about talent retention, editorial direction and the transition of the network under new ownership. Christiane Amanpour to exit CNN amid staffer concern

About Skydance

Skydance Corporation is a global media and entertainment company formerly known as Paramount Skydance Corporation.