DreamWorks Animation (NYSE: DWA) was upgraded by Zacks Investment Research from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday.
Separately, analysts at Goldman Sachs (NYSE: GS) downgraded shares of DreamWorks Animation from a “neutral” rating to a “sell” rating in a research note to investors on Monday. They now have a $15.00 price target on the stock. Also, analysts at Wedbush reiterated a “neutral” rating on shares of DreamWorks Animation in a research note to investors on Wednesday, December 21st.
DreamWorks Animation SKG, Inc. (DreamWorks Animation) is engaged in the development, production and exploitation of animated films and characters in the worldwide theatrical, home entertainment, television, merchandising, and licensing and other markets. The Company’s films are distributed in theatrical, home entertainment and television markets on a worldwide basis by Paramount Pictures Corporation. During the year ended December 31, 2009, the Company has released a total of 18 animated feature films including Shrek the Third, Shrek 2 and Madagascar. Its wholly owned subsidiary is DreamWorks Animation Home Entertainment, L.L.C.
DreamWorks Animation opened at 17.75 on Wednesday. DreamWorks Animation has a 52-week low of $16.34 and a 52-week high of $30.73. The stock has a 50-day moving average of $17.56 and a 200-day moving average of $18.67. The company has a market cap of $1.483 billion and a price-to-earnings ratio of 10.22.
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