TD Cowen Lowers Paramount Skydance (NASDAQ:PSKY) Price Target to $13.00

Paramount Skydance (NASDAQ:PSKYGet Free Report) had its target price dropped by equities research analysts at TD Cowen from $15.00 to $13.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price objective indicates a potential downside of 3.77% from the company’s previous close.

Several other research analysts have also issued reports on PSKY. Wall Street Zen raised shares of Paramount Skydance to a “hold” rating in a research report on Saturday, November 15th. Zacks Research upgraded Paramount Skydance from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Wells Fargo & Company increased their target price on Paramount Skydance from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Bank of America boosted their price target on Paramount Skydance from $11.00 to $13.00 and gave the company an “underperform” rating in a research note on Tuesday, November 11th. Finally, Sanford C. Bernstein upped their price target on Paramount Skydance from $11.00 to $12.00 and gave the company an “underperform” rating in a research report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and eight have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $13.92.

Read Our Latest Analysis on Paramount Skydance

Paramount Skydance Stock Up 20.8%

Shares of PSKY stock opened at $13.51 on Thursday. Paramount Skydance has a one year low of $9.95 and a one year high of $20.86. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.34 and a quick ratio of 1.16. The stock has a fifty day moving average price of $11.79 and a 200 day moving average price of $14.54. The stock has a market cap of $14.48 billion, a P/E ratio of 21.11 and a beta of 1.23.

Paramount Skydance (NASDAQ:PSKYGet Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $999.02. The company had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.17 billion. Paramount Skydance had a negative net margin of 2.15% and a positive return on equity of 3.65%.

Institutional Investors Weigh In On Paramount Skydance

A number of large investors have recently bought and sold shares of the business. Cullen Investment Group LTD. acquired a new stake in Paramount Skydance during the 3rd quarter valued at $462,000. Czech National Bank bought a new stake in shares of Paramount Skydance during the third quarter worth $1,484,000. Wedmont Private Capital bought a new stake in shares of Paramount Skydance during the third quarter worth $261,000. Hedges Asset Management LLC acquired a new stake in shares of Paramount Skydance in the third quarter valued at $248,000. Finally, Contravisory Investment Management Inc. bought a new position in shares of Paramount Skydance in the third quarter valued at about $751,000. 73.00% of the stock is currently owned by institutional investors.

Key Headlines Impacting Paramount Skydance

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Paramount Skydance Company Profile

(Get Free Report)

Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.

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Analyst Recommendations for Paramount Skydance (NASDAQ:PSKY)

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