Skydance (NYSE:SKYD) Price Target Cut to $13.00 by Analysts at Citizens Jmp

Key Points

• Citizens JMP lowered its Skydance price target to $13 from $14 but maintained a “market outperform” rating, implying about 49% upside from the stock’s current price.
• Analyst opinions are mixed: MarketBeat reports a consensus “Hold” rating and average price target of $6.42, with 10 Buy, 7 Hold, and 7 Sell ratings.
• Skydance reported quarterly adjusted earnings of $0.45 per share, beating the $0.18 consensus estimate, while revenue of $7.03 billion came in slightly below expectations.

Skydance (NYSE:SKYD - Get Free Report) had its target price lowered by equities research analysts at Citizens Jmp from $14.00 to $13.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a "market outperform" rating on the media and entertainment company's stock. Citizens Jmp's target price points to a potential upside of 49.43% from the stock's current price.

A number of other equities analysts also recently issued reports on SKYD. Benchmark cut their price target on Skydance from $9.50 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, August 5th. Citigroup began coverage on Skydance in a report on Monday, October 26th. They issued a "buy" rating and a $10.00 target price on the stock. Morgan Stanley lifted their target price on Skydance from $5.00 to $5.75 and gave the company an "overweight" rating in a research report on Tuesday, September 22nd. Cantor Fitzgerald started coverage on Skydance in a report on Friday, October 23rd. They set an "overweight" rating for the company. Finally, JPMorgan Chase & Co. assumed coverage on Skydance in a research report on Friday, October 23rd. They issued a "neutral" rating and a $9.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and seven have given a Sell rating to the company's stock. According to data from MarketBeat.com, Skydance presently has a consensus rating of "Hold" and a consensus target price of $6.42.

Skydance Price Performance

Shares of NYSE SKYD opened at $8.70 on Tuesday. The company has a 50-day moving average price of $6.74 and a 200-day moving average price of $5.52. Skydance has a 1 year low of $6.61 and a 1 year high of $17.16. The company has a current ratio of 1.04, a quick ratio of 0.88 and a debt-to-equity ratio of 1.13.

Skydance (NYSE:SKYD - Get Free Report) last posted its earnings results on Monday, November 9th. The media and entertainment company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.18 by $0.27. Skydance had a negative net margin of 2.13% and a positive return on equity of 4.11%. The company had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.07 billion. On average, sell-side analysts anticipate that Skydance will post -0.08 EPS for the current year.

Institutional Trading of Skydance

A number of hedge funds have recently bought and sold shares of SKYD. Integrated Wealth Concepts LLC bought a new stake in shares of Skydance during the 2nd quarter worth $75,000. IFP Advisors Inc grew its position in Skydance by 11.6% during the second quarter. IFP Advisors Inc now owns 50,934 shares of the media and entertainment company's stock valued at $502,000 after buying an additional 5,294 shares during the period. Arizona State Retirement System grew its position in Skydance by 1.2% during the second quarter. Arizona State Retirement System now owns 89,455 shares of the media and entertainment company's stock valued at $882,000 after buying an additional 1,077 shares during the period. Nykredit A S bought a new position in Skydance during the second quarter valued at about $150,000. Finally, Brown Financial Advisors purchased a new stake in Skydance during the second quarter worth about $175,000. 73.00% of the stock is currently owned by institutional investors.

More Skydance News

Here are the key news stories impacting Skydance this week:

• Positive Sentiment: Skydance reported third-quarter adjusted earnings of $0.45 per share, ahead of the $0.18 consensus estimate. Revenue of $7.03 billion was slightly below expectations of $7.07 billion. The results covered the period before the Warner Bros. Discovery acquisition closed. Earnings results
• Positive Sentiment: Management outlined more than $6 billion in targeted cost savings over three years through consolidating operations, reducing technology costs, and eliminating management layers. If achieved, the cuts could help offset integration costs and support profitability. Cost savings plan
• Positive Sentiment: The company plans to bundle Paramount+ with HBO Max early next year, aiming to strengthen its streaming offering. Paramount+ revenue rose 21% in the third quarter, providing a recent growth signal for the business. Streaming bundle plans
• Neutral Sentiment: Skydance named Marvel veteran Jeremy Latcham to lead DC Studios after James Gunn and Peter Safran depart. A leadership change could reshape the studio’s creative direction; reports also cite tensions between Gunn and Skydance executives, making the transition a potential execution risk. DC Studios leadership change
• Negative Sentiment: Reports say the Warner Bros. film slate could reduce fourth-quarter profit by about $200 million. Skydance also faces an approximately $87 billion debt burden following the deal, raising the importance of successful cost cuts and growth initiatives. Warner slate and profit impact Debt burden

Skydance Company Profile

Skydance Corporation is a global media and entertainment company formerly known as Paramount Skydance Corporation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.