DISH Network (NASDAQ:DISH - Get Rating) had its price objective reduced by analysts at Morgan Stanley from $24.00 to $18.00 in a research note issued on Monday, The Fly reports. Morgan Stanley's target price would suggest a potential upside of 22.12% from the company's previous close.
Several other equities research analysts have also commented on DISH. Barclays cut their target price on DISH Network from $19.00 to $16.00 and set an "underweight" rating on the stock in a research report on Thursday, November 3rd. StockNews.com began coverage on DISH Network in a report on Wednesday, October 12th. They set a "sell" rating on the stock. Credit Suisse Group lowered their price objective on DISH Network from $45.00 to $35.00 and set an "outperform" rating on the stock in a research report on Thursday, November 3rd. Citigroup dropped their price objective on shares of DISH Network from $34.00 to $33.00 in a report on Friday, November 4th. Finally, Raymond James reduced their target price on shares of DISH Network from $36.00 to $28.00 and set a "strong-buy" rating on the stock in a research report on Thursday, November 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, DISH Network presently has a consensus rating of "Moderate Buy" and an average price target of $35.21.
DISH Network Stock Performance
Shares of NASDAQ:DISH opened at $14.74 on Monday. The business has a fifty day moving average of $14.86 and a 200-day moving average of $17.01. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.40 and a current ratio of 0.50. The firm has a market cap of $7.82 billion, a PE ratio of 4.88 and a beta of 1.81. DISH Network has a twelve month low of $12.55 and a twelve month high of $37.28.
DISH Network (NASDAQ:DISH - Get Rating) last posted its earnings results on Wednesday, November 2nd. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.10. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. DISH Network had a return on equity of 11.81% and a net margin of 11.24%. On average, equities research analysts predict that DISH Network will post 2.6 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. increased its stake in shares of DISH Network by 5.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 293,767 shares of the company's stock valued at $4,063,000 after buying an additional 15,493 shares during the period. Teachers Retirement System of The State of Kentucky bought a new stake in DISH Network during the third quarter valued at $309,000. Seaport Global Advisors LLC lifted its stake in DISH Network by 6.5% during the third quarter. Seaport Global Advisors LLC now owns 11,437 shares of the company's stock worth $158,000 after purchasing an additional 693 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in DISH Network by 2.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 30,550 shares of the company's stock valued at $422,000 after purchasing an additional 778 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of DISH Network by 16.8% in the 3rd quarter. Captrust Financial Advisors now owns 38,803 shares of the company's stock worth $537,000 after purchasing an additional 5,572 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.
About DISH Network
(Get Rating)DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.
Further Reading
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DISH Network (NASDAQ:DISH) Given New $18.00 Price Target at Morgan Stanley - MarketBeat
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