Today, DreamWorks Animation LLC (DWA) Receives $35.12 Consensus Target Price from Analysts

Today, DreamWorks Animation LLC (DWA) Receives $35.12 Consensus Target Price from Analysts

Shares of DreamWorks Animation LLC (NASDAQ:DWA) have received an average rating of “Hold” from the fourteen analysts that are covering the stock. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $35.12.

DWA has been the topic of a number of research reports. Topeka Capital Markets upgraded shares of DreamWorks Animation from a “sell” rating to a “hold” rating and raised their target price for the stock from $17.00 to $18.00 in a research report on Thursday, August 25th. B. Riley restated a “hold” rating and set a $41.00 target price on shares of DreamWorks Animation in a research report on Tuesday, August 16th. Finally, Zacks Investment Research upgraded shares of DreamWorks Animation from a “sell” rating to a “hold” rating in a research report on Friday, August 5th.

Shares of DreamWorks Animation (NASDAQ:DWA) opened at 40.97 on Wednesday. DreamWorks Animation has a 12-month low of $17.02 and a 12-month high of $41.13. The stock’s 50 day moving average is $0.00 and its 200-day moving average is $0.00.

Several hedge funds and other institutional investors have recently made changes to their positions in DWA. FMR LLC boosted its position in shares of DreamWorks Animation by 354.6% in the second quarter. FMR LLC now owns 6,552,400 shares of the company’s stock worth $267,796,000 after buying an additional 5,110,900 shares in the last quarter. CNH Partners LLC purchased a new position in shares of DreamWorks Animation during the second quarter worth $57,917,000. Alpine Associates Management Inc. purchased a new position in shares of DreamWorks Animation during the second quarter worth $55,092,000. Water Island Capital LLC purchased a new position in shares of DreamWorks Animation during the second quarter worth $38,639,000. Finally, Allianz Asset Management AG purchased a new position in shares of DreamWorks Animation during the second quarter worth $35,822,000.

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