Fintel reports that on August 7, 2023, Raymond James upgraded their outlook for EchoStar Corp – (NASDAQ:SATS) from Outperform to Strong Buy.
Analyst Price Forecast Suggests 26.32% Upside
As of August 2, 2023, the average one-year price target for EchoStar Corp – is 24.48. The forecasts range from a low of 20.20 to a high of $29.40. The average price target represents an increase of 26.32% from its latest reported closing price of 19.38.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for EchoStar Corp – is 1,910MM, a decrease of 1.35%. The projected annual non-GAAP EPS is 0.23.
What is the Fund Sentiment?
There are 446 funds or institutions reporting positions in EchoStar Corp -. This is an increase of 4 owner(s) or 0.90% in the last quarter. Average portfolio weight of all funds dedicated to SATS is 0.12%, a decrease of 0.16%. Total shares owned by institutions decreased in the last three months by 0.60% to 37,119K shares. The put/call ratio of SATS is 0.69, indicating a bullish outlook.
What are Other Shareholders Doing?
Quaker Capital Investments holds 2,033K shares representing 2.43% ownership of the company. In it’s prior filing, the firm reported owning 1,559K shares, representing an increase of 23.31%. The firm increased its portfolio allocation in SATS by 31.79% over the last quarter.
Renaissance Technologies holds 1,727K shares representing 2.06% ownership of the company. In it’s prior filing, the firm reported owning 1,769K shares, representing a decrease of 2.44%. The firm increased its portfolio allocation in SATS by 3.82% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 1,107K shares representing 1.32% ownership of the company. No change in the last quarter.
Jpmorgan Chase holds 957K shares representing 1.14% ownership of the company. In it’s prior filing, the firm reported owning 973K shares, representing a decrease of 1.67%. The firm decreased its portfolio allocation in SATS by 0.34% over the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 884K shares representing 1.06% ownership of the company. In it’s prior filing, the firm reported owning 868K shares, representing an increase of 1.88%. The firm increased its portfolio allocation in SATS by 7.26% over the last quarter.
EchoStar Background Information
(This description is provided by the company.)
EchoStar Corporation is a premier global provider of satellite communication solutions. Headquartered in Englewood, Colo., and conducting business around the globe, EchoStar is a pioneer in secure communications technologies through its Hughes Network Systems and EchoStar Satellite Services business segments.
This article originally appeared on Fintel
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