Today, an analyst has provided a rating update for DHX Media Ltd VV (DHX). B.Riley FBR’s analyst Eric Wold reiterates their Buy rating on the shares, with a C$4 price target.
Wold noted:
“DHX Media (DHX) is scheduled to report 3Q19 results before the open on Tuesday, 5/14, with a conference call at 8:00am ET. While we are comfortable with our unchanged revenue estimate and see some risk to consensus on both a continued reduction in production levels and the YouTube business model shift on WildBrain, we believe the focus of the call will be on the company’s ability to drive stronger growth trends into FY20 on the heels of the global licensing agreement with Apple around new Peanuts streaming content.”
According to TipRanks.com, Wold has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.2% and a 41.9% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
Read also: What’s in Store for Alibaba (BABA) Stock Ahead of Earnings
Currently, the analyst consensus on DHX Media Ltd VV is a Hold with an average price target of C$2.90, which is a 49.5% upside from current levels. In a report issued on April 23, Echelon Wealth Partners also reiterated a Buy rating on the stock with a C$3.50 price target.
.
DHX Media Ltd VV’s market cap is currently C$261.7M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.77.
DHX Media Ltd. is engages in developing, producing, distributing, broadcasting, and exploiting the rights for television and film programming and brands. It operates through the following segments: Content Business, DHX Television, and Consumer Products Represented.
The company’s shares closed on Monday at C$1.94.
