Skydance (NYSE:SKYD) Price Target Cut to $13.00 by Analysts at Citizens Jmp

by · The Cerbat Gem

Skydance (NYSE:SKYD – Get Free Report) had its price objective cut by investment analysts at Citizens Jmp from $14.00 to $13.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “market outperform” rating on the media and entertainment company’s stock. Citizens Jmp‘s target price would suggest a potential upside of 49.43% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Skydance in a research note on Tuesday, November 3rd. TD Cowen lowered their price objective on Skydance from $6.50 to $4.00 and set a “hold” rating on the stock in a research note on Wednesday, August 5th. Jefferies Financial Group raised shares of Skydance to a “buy” rating in a report on Friday, October 23rd. Benchmark cut their target price on shares of Skydance from $9.50 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Finally, Barclays set a $7.00 target price on shares of Skydance and gave the stock an “underweight” rating in a research note on Wednesday, October 7th. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.42.

Get Our Latest Stock Report on SKYD

Skydance Trading Up 8.6%

Skydance stock opened at $8.70 on Tuesday. The business’s 50 day simple moving average is $6.74 and its 200 day simple moving average is $5.52. Skydance has a 12 month low of $6.61 and a 12 month high of $17.16. The company has a current ratio of 1.04, a quick ratio of 0.88 and a debt-to-equity ratio of 1.13.

Skydance (NYSE:SKYD – Get Free Report) last released its earnings results on Monday, November 9th. The media and entertainment company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.27. Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%. The business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.07 billion. As a group, research analysts expect that Skydance will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Skydance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SKYD. Integrated Wealth Concepts LLC purchased a new stake in Skydance in the second quarter valued at approximately $75,000. IFP Advisors Inc raised its holdings in shares of Skydance by 11.6% during the 2nd quarter. IFP Advisors Inc now owns 50,934 shares of the media and entertainment company’s stock valued at $502,000 after buying an additional 5,294 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Skydance by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 89,455 shares of the media and entertainment company’s stock valued at $882,000 after buying an additional 1,077 shares in the last quarter. Nykredit A S bought a new stake in Skydance in the 2nd quarter worth approximately $150,000. Finally, Brown Financial Advisors purchased a new stake in Skydance in the second quarter worth approximately $175,000. 73.00% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Skydance

Here are the key news stories impacting Skydance this week:

  • Positive Sentiment: Skydance reported third-quarter adjusted earnings of $0.45 per share, ahead of the $0.18 consensus estimate. Revenue of $7.03 billion was slightly below expectations of $7.07 billion. The results covered the period before the Warner Bros. Discovery acquisition closed. Earnings results
  • Positive Sentiment: Management outlined more than $6 billion in targeted cost savings over three years through consolidating operations, reducing technology costs, and eliminating management layers. If achieved, the cuts could help offset integration costs and support profitability. Cost savings plan
  • Positive Sentiment: The company plans to bundle Paramount+ with HBO Max early next year, aiming to strengthen its streaming offering. Paramount+ revenue rose 21% in the third quarter, providing a recent growth signal for the business. Streaming bundle plans
  • Neutral Sentiment: Skydance named Marvel veteran Jeremy Latcham to lead DC Studios after James Gunn and Peter Safran depart. A leadership change could reshape the studio’s creative direction; reports also cite tensions between Gunn and Skydance executives, making the transition a potential execution risk. DC Studios leadership change
  • Negative Sentiment: Reports say the Warner Bros. film slate could reduce fourth-quarter profit by about $200 million. Skydance also faces an approximately $87 billion debt burden following the deal, raising the importance of successful cost cuts and growth initiatives. Warner slate and profit impact Debt burden

Skydance Company Profile

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Skydance Corporation is a global media and entertainment company formerly known as Paramount Skydance Corporation.

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