DISH Network (NASDAQ:DISH) PT Lowered to $36.00

DISH Network (NASDAQ:DISHGet Rating) had its price target decreased by research analysts at Raymond James from $42.00 to $36.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James’ price target indicates a potential upside of 87.50% from the company’s previous close.

A number of other analysts have also recently commented on DISH. Truist Financial raised shares of DISH Network from a “hold” rating to a “buy” rating and boosted their target price for the stock from $25.00 to $60.00 in a research note on Tuesday, May 31st. They noted that the move was a valuation call. UBS Group cut their target price on shares of DISH Network from $44.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday. JPMorgan Chase & Co. cut their target price on shares of DISH Network from $30.00 to $24.00 in a research note on Thursday. Pivotal Research cut their target price on shares of DISH Network from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of DISH Network from $61.00 to $55.00 in a research note on Thursday. Two analysts have rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.38.

DISH Network Stock Up 0.2 %

DISH opened at $19.20 on Thursday. DISH Network has a fifty-two week low of $16.20 and a fifty-two week high of $46.31. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.59 and a current ratio of 0.64. The company has a fifty day moving average of $18.64 and a two-hundred day moving average of $25.60. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 1.27 and a beta of 1.85.

DISH Network (NASDAQ:DISHGet Rating) last released its quarterly earnings data on Friday, May 6th. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). DISH Network had a net margin of 11.84% and a return on equity of 13.11%. The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the previous year, the firm posted $0.99 EPS. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. On average, research analysts expect that DISH Network will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In other DISH Network news, Director James Defranco purchased 400,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average cost of $19.27 per share, for a total transaction of $7,708,000.00. Following the completion of the transaction, the director now owns 1,661,428 shares of the company’s stock, valued at approximately $32,015,717.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 53.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DISH Network

Several institutional investors and hedge funds have recently bought and sold shares of the company. Landscape Capital Management L.L.C. acquired a new position in DISH Network in the 2nd quarter valued at about $696,000. M&T Bank Corp boosted its holdings in DISH Network by 38.2% in the 2nd quarter. M&T Bank Corp now owns 22,495 shares of the company’s stock valued at $394,000 after purchasing an additional 6,212 shares during the last quarter. Potomac Capital Management Inc. boosted its holdings in DISH Network by 54.2% in the 2nd quarter. Potomac Capital Management Inc. now owns 23,300 shares of the company’s stock valued at $418,000 after purchasing an additional 8,188 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in DISH Network by 7.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 154,571 shares of the company’s stock valued at $2,771,000 after purchasing an additional 10,667 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in DISH Network by 9.2% in the 2nd quarter. Fifth Third Bancorp now owns 10,048 shares of the company’s stock valued at $180,000 after purchasing an additional 846 shares during the last quarter. 46.90% of the stock is currently owned by institutional investors and hedge funds.

DISH Network Company Profile

(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.

See Also

Analyst Recommendations for DISH Network (NASDAQ:DISH)

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