The company has a consensus rating of "Hold" and a consensus target price of $7.00. The option since executed brings Carrera ownership to 62060 shares. ValuEngine raised Entravision Communications Corporation from a "sell" rating to a "hold" rating in a research report on Friday, September 1st. If the published price targets set by Entravision Communications Corporation analysts have any power to influence the stock's share price, the highest price target set for EVC is $11. Finally, Macquarie reissued a "hold" rating and set a $7.00 price objective on shares of Entravision Communications Corporation in a research report on Monday, July 24th. Wall Street experts also assign a $32.71 price target on Exelixis, Inc., pointing towards a 26.64% rally from current levels.
In related news, CFO Christopher T. Young sold 14,616 shares of Entravision Communications Corporation stock in a transaction on Monday, August 28th. A simple moving average (SMA) is an mathematical moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Most of the active traders and investors are keen to find ways to compare the value of stocks. The disclosure for this sale can be found here.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. now owns 2,954,165 shares of the company's stock valued at $19,497,000 after buying an additional 145,977 shares in the last quarter. For the current year the company's revenue estimates are $272.23 Million compared to low analyst estimates of $271.7 Million and high estimates of $272.77 Million according to 2 number of analysts. KCG Holdings Inc. acquired a new stake in Entravision Communications Corporation in the first quarter worth $139,000. Prudential Financial Inc. lifted its holdings in Entravision Communications Corporation by 17.1% in the first quarter. The portion of a company's profit allocated to each outstanding share of common stock was -$0.71 a share in the trailing twelve months. However the company reported $0.08 earnings per share for the same quarter during past year.
Several other institutional investors have also sold shares of the company. The company shares sank -16.08% from their peak of $7.15 and now has a $537.78 million market value of equity. The stock has a market cap of $515.38, a P/E ratio of 3.06 and a beta of 1.50. Based on a recent bid, the stock is trading -11.22% away from it's 52- week high and 49.02% away from its 52 week low.
Entravision Communications Corporation (NYSE:EVC) last released its earnings results on Thursday, November 2nd. Entravision Communications Corporation had a return on equity of 75.49% and a net margin of 31.96%. Moreover the Company's Year To Date performance was -14.29%.
Frigate Ventures LP reports that it sold 38,386 shares in quarter ending 09/30/2017 decreasing its exposure to Entravision Communications Corp by 2.5%. For the quarter, shares are performing at 15.25%. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.33%. Entravision Communications Corporation's dividend payout ratio (DPR) is 10.75%. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States & global copyright and trademark law.