Brokerages Set Paramount Skydance Corporation (NASDAQ:PSKY) Price Target at $14.00

Paramount Skydance Corporation (NASDAQ:PSKY) has been assigned a consensus recommendation of “Strong Sell” from the fourteen analysts that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $14.00.

Several brokerages recently weighed in on PSKY. JPMorgan Chase & Co. increased their price objective on shares of Paramount Skydance from $10.00 to $14.00 and gave the company an “underweight” rating in a report on Tuesday, November 4th. Bank of America raised their price target on Paramount Skydance from $11.00 to $13.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 11th. Wolfe Research reiterated an “underperform” rating and issued a $13.00 price objective on shares of Paramount Skydance in a report on Monday, December 15th. Evercore increased their target price on Paramount Skydance from $12.00 to $14.00 and gave the company an “in-line” rating in a research note on Tuesday, November 11th. Finally, Sanford C. Bernstein boosted their target price on Paramount Skydance from $11.00 to $12.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 12th.

Hedge Funds Weigh In On Paramount Skydance

A number of hedge funds and other institutional investors have recently made changes to their positions in PSKY. CYBER HORNET ETFs LLC bought a new stake in shares of Paramount Skydance in the 3rd quarter valued at $25,000. Larson Financial Group LLC increased its holdings in shares of Paramount Skydance by 539.3% in the fourth quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock worth $31,000 after acquiring an additional 1,936 shares in the last quarter. Kelleher Financial Advisors acquired a new stake in shares of Paramount Skydance during the third quarter worth about $32,000. Center for Financial Planning Inc. acquired a new stake in shares of Paramount Skydance during the third quarter worth about $35,000. Finally, Versant Capital Management Inc bought a new position in shares of Paramount Skydance during the 3rd quarter valued at about $39,000. 73.00% of the stock is owned by institutional investors.

Paramount Skydance Stock Up 0.4%

Paramount Skydance stock opened at $10.56 on Thursday. The firm has a 50-day moving average price of $12.80. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.34. The company has a market capitalization of $11.32 billion, a PE ratio of -351.88 and a beta of 1.23. Paramount Skydance has a 12-month low of $9.95 and a 12-month high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last released its earnings results on Monday, November 10th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.37). The business had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.79 billion. Paramount Skydance had a negative net margin of 0.95% and a positive return on equity of 3.95%. The business’s revenue for the quarter was up 0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share.

Paramount Skydance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 18th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, December 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. Paramount Skydance’s payout ratio is currently -666.67%.

About Paramount Skydance

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.