Analysts Set EchoStar Co. (NASDAQ:SATS) Target Price at $23.75

Shares of EchoStar Co. (NASDAQ:SATS) have received a consensus recommendation of “Hold” from the five analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $23.75.

Several equities analysts recently commented on SATS shares. UBS Group increased their price objective on shares of EchoStar from $15.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Morgan Stanley assumed coverage on shares of EchoStar in a research report on Monday, December 16th. They issued an “equal weight” rating and a $25.00 price target on the stock.

EchoStar Stock Down 1.7 %

SATS stock opened at $25.86 on Friday. The firm has a market capitalization of $7.41 billion, a PE ratio of -2.82 and a beta of 0.65. The business’s 50 day simple moving average is $27.67 and its 200 day simple moving average is $25.31. EchoStar has a 1-year low of $12.36 and a 1-year high of $32.48. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11.

EchoStar (NASDAQ:SATS) last issued its quarterly earnings data on Thursday, February 27th. The communications equipment provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.63) by $1.87. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.93 billion. EchoStar had a negative net margin of 15.51% and a negative return on equity of 0.64%. As a group, research analysts anticipate that EchoStar will post -1.99 EPS for the current year.

Institutional Investors Weigh In On EchoStar

Institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP purchased a new position in shares of EchoStar during the 3rd quarter valued at about $285,000. Victory Capital Management Inc. increased its position in shares of EchoStar by 11.0% during the third quarter. Victory Capital Management Inc. now owns 46,767 shares of the communications equipment provider’s stock valued at $1,161,000 after buying an additional 4,626 shares during the period. Empowered Funds LLC raised its stake in EchoStar by 5.4% in the third quarter. Empowered Funds LLC now owns 324,416 shares of the communications equipment provider’s stock worth $8,052,000 after buying an additional 16,595 shares in the last quarter. Natixis Advisors LLC raised its stake in EchoStar by 9.8% in the third quarter. Natixis Advisors LLC now owns 21,790 shares of the communications equipment provider’s stock worth $541,000 after buying an additional 1,942 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of EchoStar in the 3rd quarter valued at approximately $651,000. Hedge funds and other institutional investors own 33.62% of the company’s stock.

EchoStar Company Profile

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.