The stock of DigitalGlobe Inc (NYSE:DGI) hit a new 52-week high and has $40.23 target or 38.00% above today’s $29.15 share price. The 6 months bullish chart indicates low risk for the $1.86 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $40.23 price target is reached, the company will be worth $706.80M 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 290,358 shares traded hands. DigitalGlobe Inc (NYSE:DGI) has risen 61.28% since April 11, 2016 and is uptrending. It has outperformed by 55.14% 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 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Dougherty & Company on Friday, July 29. The rating was downgraded by JP Morgan on Thursday, September 24 to “Neutral”. On Wednesday, October 26 the stock rating was maintained by Benchmark with “Hold”. The stock of DigitalGlobe Inc (NYSE:DGI) earned “Neutral” rating by Chardan Capital Markets on Friday, February 26. On Wednesday, September 23 the stock rating was maintained by Benchmark with “Hold”. The firm has “Market Perform” rating given on Friday, October 30 by Raymond James. Morgan Stanley downgraded DigitalGlobe Inc (NYSE:DGI) rating on Tuesday, May 17. Morgan Stanley has “Equal-Weight” rating and $23 price target. As per Tuesday, August 11, the company rating was downgraded by Zacks.
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 improved, 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.
Diam Limited has 0.01% invested in the company for 29,281 shares. Royal Bank Of Canada, a Ontario – Canada-based fund reported 121 shares. Advisory Network Ltd Llc holds 0% of its portfolio in DigitalGlobe Inc (NYSE:DGI) for 341 shares. First Mercantile Trust Communication reported 15,000 shares or 0.04% of all its holdings. Blackrock Grp holds 0% or 71,343 shares in its portfolio. Us Retail Bank De reported 1,524 shares or 0% of all its holdings. Northern Trust has invested 0.01% of its portfolio in DigitalGlobe Inc (NYSE:DGI). Palo Cap accumulated 0.14% or 19,736 shares. Clearbridge Invests Limited reported 5,000 shares or 0% of all its holdings. Connor Clark And Lunn Inv Mgmt has invested 0.01% of its portfolio in DigitalGlobe Inc (NYSE:DGI). Brown Advisory last reported 1.71M shares in the company. Ubs Asset Americas holds 0% of its portfolio in DigitalGlobe Inc (NYSE:DGI) for 35,398 shares. Geode Cap Management Ltd Liability Company, a Massachusetts-based fund reported 405,533 shares. Quantitative Inv Mngmt Limited Com last reported 0.01% of its portfolio in the stock. Apriem, a California-based fund reported 43 shares.
More important recent DigitalGlobe Inc (NYSE:DGI) news were published by: Fool.com which released: “Why DigitalGlobe Inc Stock Went Up 15% on Friday” on August 01, 2016, also Fool.com published article titled: “Why DigitalGlobe, Inc. Stock Skyrocketed Today”, Fool.com published: “DigitalGlobe Inc. Makes Progress After a Tough Year” on February 26, 2016. More interesting news about DigitalGlobe Inc (NYSE:DGI) was released by: Marketwired.com and their article: “The Radiant Group, Inc., Announces Acquisition by DigitalGlobe, Inc.” with publication date: October 12, 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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