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Downgrade Alert for DigitalGlobe (DGI)

By Amy Schwartz

DigitalGlobe (NYSE:DGI) was downgraded from Overweight to Equal Weight at Morgan Stanley today. The stock closed yesterday at $21.12 on volume of 639,000 shares, below average daily volume of 641,000.

DigitalGlobe has overhead space with shares priced $21.12, or 23.2% below the average consensus analyst price target of $27.50. DigitalGlobe shares have support at the 200-day moving average (MA) of $18.23 and additional support at the 50-day MA of $17.65.

DigitalGlobe Inc. is building a constellation of high-resolution earth imaging satellites and a geo-information product store Web site. The Company's DigitalGlobe System facilitates the collection and archival of geospatial information data and ensures flexible distribution. DigitalGlobe also offers services for project specific requirements.

DigitalGlobe share prices have moved between a 52-week high of $32.24 and a 52-week low of $11.80 and closed yesterday at 79% above that low price at $21.12 per share. The 200-day and 50-day moving averages have moved 0.46% lower and 3.35% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of DigitalGlobe on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.34. Since that recommendation, shares of DigitalGlobe have risen 30.3%. We continue to monitor DGI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades digitalglobe

Ticker(s): DGI