Brokerages Set EchoStar Co. (NASDAQ:SATS) Target Price at $21.00

EchoStar Co. (NASDAQ:SATS) has earned a consensus rating of “Hold” from the five analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $21.00.

Several equities research analysts have weighed in on SATS shares. StockNews.com raised EchoStar to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $12.00 target price on shares of EchoStar in a report on Monday, August 12th. TD Cowen reduced their price target on EchoStar from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Raymond James lowered EchoStar from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 1st. Finally, Morgan Stanley lifted their target price on shares of EchoStar from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, September 13th.

EchoStar Price Performance

Shares of NASDAQ:SATS opened at $26.13 on Friday. EchoStar has a twelve month low of $9.53 and a twelve month high of $30.08. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.00. The company has a market cap of $7.10 billion, a PE ratio of -3.04 and a beta of 0.70. The company’s 50 day moving average is $24.64 and its 200 day moving average is $20.48.

EchoStar (NASDAQ:SATS) last released its quarterly earnings data on Friday, August 9th. The communications equipment provider reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.39). The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. EchoStar had a positive return on equity of 0.18% and a negative net margin of 18.65%. The firm’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. On average, sell-side analysts forecast that EchoStar will post -1.73 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SATS. GAMMA Investing LLC boosted its holdings in EchoStar by 54.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,231 shares of the communications equipment provider’s stock worth $55,000 after buying an additional 789 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of EchoStar by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 60,700 shares of the communications equipment provider’s stock valued at $1,081,000 after buying an additional 1,100 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of EchoStar by 694.8% during the second quarter. Hexagon Capital Partners LLC now owns 1,677 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 1,466 shares in the last quarter. Eagle Bay Advisors LLC increased its stake in EchoStar by 183.6% in the first quarter. Eagle Bay Advisors LLC now owns 2,269 shares of the communications equipment provider’s stock valued at $32,000 after purchasing an additional 1,469 shares during the period. Finally, Natixis Advisors LLC grew its stake in shares of EchoStar by 9.8% in the 3rd quarter. Natixis Advisors LLC now owns 21,790 shares of the communications equipment provider’s stock valued at $541,000 after purchasing an additional 1,942 shares during the last quarter. 33.62% of the stock is owned by institutional investors and hedge funds.

About EchoStar

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.