The DHX Media (DHXM) Receives $10.00 Consensus Price Target from Analysts

The DHX Media (DHXM) Receives $10.00 Consensus Price Target from Analysts

DHX Media (NASDAQ:DHXM) has been given an average rating of “Buy” by the seven research firms that are covering the stock. Seven equities research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued a report on the stock in the last year is $10.00.

DHXM has been the subject of a number of analyst reports. Scotiabank restated an “outperform” rating and set a $9.00 price target on shares of DHX Media in a research note on Friday, September 23rd. RBC Capital Markets restated an “outperform” rating and set a $10.00 price target on shares of DHX Media in a research note on Friday, September 23rd. Finally, TD Securities restated a “buy” rating and set a $9.50 price target on shares of DHX Media in a research note on Sunday, September 4th.

DHX Media (NASDAQ:DHXM) opened at 5.08 on Wednesday. DHX Media has a 52 week low of $4.56 and a 52 week high of $7.40. The firm’s 50-day moving average price is $5.58 and its 200-day moving average price is $5.47. The company has a market capitalization of $679.57 million and a price-to-earnings ratio of 30.60.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Tuesday, October 11th will be issued a $0.0138 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.09%. This is a positive change from DHX Media’s previous quarterly dividend of $0.01.

Several hedge funds have recently modified their holdings of DHXM. Diker Management LLC raised its stake in shares of DHX Media by 430.9% in the second quarter. Diker Management LLC now owns 176,800 shares of the company’s stock worth $903,000 after buying an additional 143,500 shares in the last quarter. FMR LLC raised its stake in shares of DHX Media by 8.4% in the second quarter. FMR LLC now owns 779,710 shares of the company’s stock worth $3,995,000 after buying an additional 60,560 shares in the last quarter. Sprott Inc. raised its stake in shares of DHX Media by 42.4% in the second quarter. Sprott Inc. now owns 712,000 shares of the company’s stock worth $3,660,000 after buying an additional 212,000 shares in the last quarter. Cidel Asset Management Inc. raised its stake in shares of DHX Media by 0.9% in the second quarter. Cidel Asset Management Inc. now owns 75,600 shares of the company’s stock worth $385,000 after buying an additional 700 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of DHX Media during the second quarter worth $126,000.

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