Skydance Corporation (SKYD) – What Are Researchers Thinking About This Stock?

Skydance Corporation (NYSE:SKYD) has been assigned a consensus recommendation of “Hold” from the twenty-four brokerages that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $6.02.

A number of equities research analysts have commented on SKYD shares. Needham & Company LLC initiated coverage on Skydance in a research report on Friday, October 23rd. They set a “buy” rating for the company. Roth Capital initiated coverage on shares of Skydance in a research report on Friday, October 23rd. They set a “buy” rating for the company. Citizens Jmp reiterated a “market outperform” rating and set a $7.00 target price on shares of Skydance in a research report on Tuesday, September 22nd. Cantor Fitzgerald initiated coverage on shares of Skydance in a research note on Friday, October 23rd. They issued an “overweight” rating for the company. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Skydance in a research note on Tuesday.

Institutional Trading of Skydance

A number of institutional investors have recently modified their holdings of SKYD. Integrated Wealth Concepts LLC acquired a new stake in shares of Skydance during the 2nd quarter worth $75,000. IFP Advisors Inc boosted its holdings in Skydance by 11.6% in the 2nd quarter. IFP Advisors Inc now owns 50,934 shares of the media and entertainment company’s stock valued at $502,000 after purchasing an additional 5,294 shares during the period. Arizona State Retirement System lifted its position in Skydance by 1.2% during the 2nd 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 acquired a new stake in Skydance during the 2nd quarter worth $150,000. Finally, Brown Financial Advisors bought a new position in Skydance in the second quarter valued at approximately $175,000. 73.00% of the stock is currently owned by hedge funds and other institutional investors.

Skydance Stock Down 1.3%

Shares of NYSE SKYD opened at $8.04 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.04 and a debt-to-equity ratio of 1.13. The business’s 50 day moving average is $6.68 and its two-hundred day moving average is $5.50. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 27.72 and a beta of 1.64. Skydance has a 52-week low of $6.61 and a 52-week high of $17.16.

Skydance (NYSE:SKYD) last issued its quarterly earnings data on Tuesday, August 4th. The media and entertainment company reported $0.09 earnings per share (EPS) for the quarter, topping 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 during the quarter. Research analysts predict that Skydance will post -0.08 EPS for the current year.

About Skydance

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