Echostar Co. (SATS) Receives $73.00 Average Price Target from Analysts

Share on StockTwits

Shares of Echostar Co. (NASDAQ:SATS) have been assigned an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $73.00.

A number of research analysts recently issued reports on the company. BidaskClub lowered Echostar from a “sell” rating to a “strong sell” rating in a report on Thursday, August 30th. ValuEngine upgraded Echostar from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research lowered Echostar from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 12th.

In other Echostar news, Director Anthony M. Federico sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $44.53, for a total value of $222,650.00. Following the sale, the director now directly owns 5,146 shares in the company, valued at $229,151.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 73.54% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP acquired a new stake in Echostar in the second quarter valued at $2,318,000. Victory Capital Management Inc. increased its position in shares of Echostar by 42.7% during the first quarter. Victory Capital Management Inc. now owns 47,781 shares of the communications equipment provider’s stock worth $2,521,000 after purchasing an additional 14,290 shares in the last quarter. Swiss National Bank increased its position in shares of Echostar by 2.1% during the first quarter. Swiss National Bank now owns 83,400 shares of the communications equipment provider’s stock worth $4,401,000 after purchasing an additional 1,700 shares in the last quarter. Signition LP acquired a new stake in shares of Echostar during the second quarter worth about $214,000. Finally, North Run Capital LP acquired a new stake in shares of Echostar during the second quarter worth about $6,660,000. Institutional investors own 47.70% of the company’s stock.

NASDAQ:SATS traded down $0.35 during midday trading on Thursday, reaching $48.31. The company had a trading volume of 259,803 shares, compared to its average volume of 162,992. The firm has a market cap of $4.59 billion, a PE ratio of 66.31 and a beta of 0.85. Echostar has a 12-month low of $43.33 and a 12-month high of $62.29. The company has a current ratio of 2.77, a quick ratio of 2.71 and a debt-to-equity ratio of 0.61.

Echostar (NASDAQ:SATS) last released its earnings results on Tuesday, August 7th. The communications equipment provider reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.48. The firm had revenue of $525.96 million during the quarter, compared to analyst estimates of $511.50 million. Echostar had a return on equity of 1.71% and a net margin of 20.03%. equities analysts forecast that Echostar will post 0.52 EPS for the current year.

About Echostar

EchoStar Corporation provides satellite service operations and video delivery solutions worldwide. It operates in two segments, Hughes and EchoStar Satellite Services. The Hughes segments offers broadband satellite technologies and Internet services for home and small office customers; and broadband network technologies, managed services, equipment, hardware, satellite services, and communication solutions for aeronautical, enterprise, and government customers, as well as consumers.

Featured Article: Trading Strategy Methods for Individual Investors

Receive News & Ratings for Echostar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Echostar and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply