Skydance Corporation (SKYD) - What Are Researchers Saying About This Stock?

Key Points

• Analyst views are mixed: Of 24 analysts covering Skydance, 10 rate it a buy, 7 hold and 7 sell, for an overall “Hold” consensus. The average 12-month price target is $6.02.
• Recent ratings varied: Morgan Stanley raised its target to $5.75 and JPMorgan set a $9 target, while TD Cowen cut its target to $4.00; all three maintained or assigned ratings ranging from hold/neutral to overweight.
• Skydance reported quarterly EPS of $0.09, topping the $0.08 consensus, on revenue of $6.91 billion. Institutional investors own 73% of its shares.

Shares of Skydance Corporation (NYSE:SKYD - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty-four analysts that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $6.02.

Several research analysts recently weighed in on SKYD shares. Huber Research raised shares of Skydance to an "overweight" rating in a research note on Tuesday, October 27th. Morgan Stanley boosted their target price on Skydance from $5.00 to $5.75 and gave the stock an "overweight" rating in a report on Tuesday, September 22nd. JPMorgan Chase & Co. began coverage on shares of Skydance in a research report on Friday, October 23rd. They set a "neutral" rating and a $9.00 price target on the stock. Citizens Jmp reiterated a "market outperform" rating and issued a $7.00 target price on shares of Skydance in a report on Tuesday, September 22nd. Finally, TD Cowen reduced their price target on shares of Skydance from $6.50 to $4.00 and set a "hold" rating for the company in a research report on Wednesday, August 5th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Skydance in the second quarter valued at about $75,000. IFP Advisors Inc boosted its holdings in Skydance by 11.6% in the second quarter. IFP Advisors Inc now owns 50,934 shares of the media and entertainment company's stock valued at $502,000 after purchasing an additional 5,294 shares during the last quarter. Arizona State Retirement System boosted its stake in Skydance by 1.2% in 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 acquiring an additional 1,077 shares during the period. Nykredit A S acquired a new stake in Skydance in the second quarter worth about $150,000. Finally, Brown Financial Advisors acquired a new position in shares of Skydance in the 2nd quarter worth $175,000. Hedge funds and other institutional investors own 73.00% of the company's stock.

Skydance Trading Down 1.3%

NYSE:SKYD opened at $8.04 on Friday. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 27.72 and a beta of 1.64. The company has a current ratio of 1.04, a quick ratio of 0.88 and a debt-to-equity ratio of 1.13. The company has a 50-day moving average price of $6.68 and a 200-day moving average price of $5.50. Skydance has a 12 month low of $6.61 and a 12 month high of $17.16.

Skydance (NYSE:SKYD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The media and entertainment company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%. The firm had revenue of $6.91 billion for the quarter. Equities analysts predict that Skydance will post -0.08 EPS for the current year.

Skydance Company Profile

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

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