The stock of DigitalGlobe Inc (NYSE:DGI) hit a new 52-week high and has $42.84 target or 36.00% above today’s $31.50 share price. The 5 months bullish chart indicates low risk for the $2.05B company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $42.84 price target is reached, the company will be worth $738.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 28,734 shares traded hands. DigitalGlobe Inc (NYSE:DGI) has risen 72.65% since April 14, 2016 and is uptrending. It has outperformed by 67.97% the S&P500.
DigitalGlobe Inc (NYSE:DGI) Ratings Coverage
Out of 6 analysts covering DigitalGlobe (NYSE:DGI), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. DigitalGlobe has been the topic of 11 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Dougherty & Company maintained DigitalGlobe Inc (NYSE:DGI) rating on Friday, July 29. Dougherty & Company has “Buy” rating and $35 price target. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Tuesday, May 17. The firm earned “Neutral” rating on Friday, February 26 by Chardan Capital Markets. The rating was maintained by Dougherty & Company with “Buy” on Monday, November 14. Raymond James downgraded the stock to “Market Perform” rating in Friday, October 30 report. The stock has “Buy” rating given by Zacks on Tuesday, August 11. The rating was maintained by Benchmark with “Hold” on Wednesday, October 26. As per Thursday, September 24, the company rating was downgraded by JP Morgan. The rating was maintained by Benchmark with “Hold” on Wednesday, September 23.
According to Zacks Investment Research, “DigitalGlobe, Inc. is a global provider of commercial high-resolution earth imagery products and services. The company’s products include DigitalGlobe System, QuickBird satellite, ImageAtlas; and GlobeXplorer. DigitalGlobe System offers collection and archival of geospatial information data and QuickBird satellite, which provides commercial resolution imaging systems. DigitalGlobe operates a constellation of high resolution earth imaging satellites, possesses a growing aerial imagery network and offers a comprehensive geoinformation product store – DigitalGlobe.com – that allows quick access and order a wide variety of imagery and derivative information products. DigitalGlobe conducts its business through two segments: defense and intelligence, and commercial. Headquartered in Longmont, Colorado, the company operates as a subsidiary of Morgan Stanley & Co. Inc.”
Insitutional Activity: The institutional sentiment increased to 0.97 in Q2 2016. Its up 0.15, from 0.82 in 2016Q1. The ratio is positive, as 19 funds sold all DigitalGlobe Inc shares owned while 59 reduced positions. 36 funds bought stakes while 40 increased positions. They now own 62.14 million shares or 0.99% more from 61.53 million shares in 2016Q1.
Moreover, Great West Life Assurance Can has 0% invested in DigitalGlobe Inc (NYSE:DGI) for 6,616 shares. Metropolitan Life Ny has 0.01% invested in the company for 44,839 shares. State Board Of Administration Of Florida Retirement System has 0% invested in the company for 48,406 shares. The Washington-based Parametric Lc has invested 0% in DigitalGlobe Inc (NYSE:DGI). Manufacturers Life Ins Communications The holds 43,073 shares or 0% of its portfolio. The Delaware-based Blackrock Lc has invested 0% in DigitalGlobe Inc (NYSE:DGI). Quantbot Techs Ltd Partnership accumulated 4,274 shares or 0.01% of the stock. Raymond James & holds 0% of its portfolio in DigitalGlobe Inc (NYSE:DGI) for 50,344 shares. Moreover, Gabelli Funds Ltd Liability Corporation has 0.01% invested in DigitalGlobe Inc (NYSE:DGI) for 94,300 shares. Northern Tru holds 0.01% of its portfolio in DigitalGlobe Inc (NYSE:DGI) for 798,217 shares. Oxford Asset holds 0.05% or 52,715 shares in its portfolio. Ahl Ptnrs Llp has invested 0.08% of its portfolio in DigitalGlobe Inc (NYSE:DGI). Moreover, Gamco Inc Et Al has 0.01% invested in DigitalGlobe Inc (NYSE:DGI) for 61,750 shares. Moreover, Td Asset Mngmt has 0.01% invested in DigitalGlobe Inc (NYSE:DGI) for 184,000 shares. D E Shaw And owns 1.14 million shares or 0.04% of their US portfolio.
Insider Transactions: Since November 14, 2016, the stock had 0 insider purchases, and 1 insider sale for $400,140 net activity. The insider Scott Walter S. sold 13,428 shares worth $400,140.
Another recent and important DigitalGlobe Inc (NYSE:DGI) news was published by Fool.com which published an article titled: “Why DigitalGlobe Inc Stock Went Up 15% on Friday” on August 01, 2016.
DGI Company Profile
DigitalGlobe, Inc., incorporated on August 21, 1995, is a well-known provider of high-resolution Earth-imagery services and products. The Company’s imagery solutions support a range of users in defense and intelligence, civil agencies, mapping and analysis, environmental monitoring, gas and oil exploration, infrastructure management, Internet portals and navigation technology. The Firm operates through collecting, processing and distributing imagery services and products to clients around the world segment. The Firm sells its services and products through a combination of direct and indirect channels, consisting of a global network of resellers, strategic partners, direct enterprise sales and Web services to its United States Government and Diversified Commercial customer groups. The Firm offers Earth-imagery products consisting of imagery from its constellation of high-resolution satellites and provides geospatial services and products in which it combines its Earth imagery, analytic expertise and technology to deliver integrated solutions. The Firm processes its imagery to varying levels according to its customers’ specifications and delivers its products using the distribution method. Customers can purchase images that are archived in its ImageLibrary, place custom orders to task its satellites for a specific area of interest, or as a bundle of imaging and data for a region or type of location, such as cities, ports, harbors or airports.
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