DHX Media Ltd. (TSE:DHX) Receives C$2.57 Average Price Target from Analysts

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DHX Media Ltd. (TSE:DHX) has been assigned a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$2.57.

A number of analysts have recently issued reports on the company. CIBC restated a “hold” rating and issued a $37.00 target price on shares of Ritchie Bros. Auctioneers in a report on Wednesday, May 15th. National Bank Financial upgraded WSP Global from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$75.00 to C$79.00 in a report on Wednesday, May 15th. Royal Bank of Canada increased their target price on WestJet Airlines from C$20.00 to C$31.00 and gave the company a “sector perform” rating in a report on Wednesday, May 15th. Finally, BMO Capital Markets reduced their target price on Superior Gold from C$2.00 to C$1.50 in a report on Wednesday, May 15th.

Shares of DHX traded up C$0.01 during mid-day trading on Tuesday, reaching C$1.95. The company’s stock had a trading volume of 48,078 shares, compared to its average volume of 216,660. The company has a fifty day moving average price of C$1.91. The company has a market cap of $263.07 million and a P/E ratio of -4.33. DHX Media has a 1 year low of C$1.09 and a 1 year high of C$3.69. The company has a debt-to-equity ratio of 115.67, a quick ratio of 1.15 and a current ratio of 1.71.

DHX Media (TSE:DHX) last released its earnings results on Tuesday, May 14th. The company reported C$0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C($0.02) by C$0.05. The business had revenue of C$110.00 million during the quarter, compared to analysts’ expectations of C$109.50 million. Sell-side analysts predict that DHX Media will post -0.02 EPS for the current 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.

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Analyst Recommendations for DHX Media (TSE:DHX)

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