Update (9:40 a.m.): Updated with Tuesday market open information.
NEW YORK (TheStreet) -- UBS increased its target price on DISH Network (DISH) - Get DISH Network Corporation Class A Report to $58 and set a "neutral" rating. The firm made a valuation call with revised cost of capital assumptions.
The stock was ticking upward 0.19% to $57.48 shortly after the market opened on Tuesday.
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Separately, TheStreet Ratings team rates DISH NETWORK CORP as a "buy" with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DISH NETWORK CORP (DISH) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, solid stock price performance, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Media industry. The net income increased by 298.7% when compared to the same quarter one year prior, rising from -$158.46 million to $314.91 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 4.4%. Since the same quarter one year prior, revenues slightly increased by 2.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Powered by its strong earnings growth of 294.28% and other important driving factors, this stock has surged by 58.39% over the past year, outperforming the rise in the S&P 500 Index during the same period. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
- DISH NETWORK CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, DISH NETWORK CORP reported lower earnings of $1.41 versus $3.38 in the prior year. This year, the market expects an improvement in earnings ($1.54 versus $1.41).
- 37.58% is the gross profit margin for DISH NETWORK CORP which we consider to be strong. Regardless of DISH's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 8.74% trails the industry average.
- You can view the full analysis from the report here: DISH Ratings Report