Paramount Skydance’s (PSKY) “Market Outperform” Rating Reaffirmed at Citizens Jmp

Paramount Skydance (NASDAQ:PSKY)‘s stock had its “market outperform” rating restated by Citizens Jmp in a report issued on Tuesday, Benzinga reports. They currently have a $14.00 price objective on the stock. Citizens Jmp’s price objective indicates a potential upside of 41.27% from the company’s current price.

A number of other brokerages also recently commented on PSKY. Citigroup initiated coverage on shares of Paramount Skydance in a research note on Monday, September 14th. They issued an “outperform” rating on the stock. Weiss Ratings upgraded Paramount Skydance from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Barclays began coverage on Paramount Skydance in a research note on Thursday. They set an “underweight” rating and a $8.00 price objective on the stock. TD Cowen lowered their target price on Paramount Skydance from $13.00 to $8.00 and set a “hold” rating for the company in a research note on Wednesday, August 5th. Finally, UBS Group decreased their price target on Paramount Skydance from $10.00 to $8.00 and set a “sell” rating for the company in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and nine have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $11.17.

Paramount Skydance Stock Performance

Shares of NASDAQ:PSKY opened at $9.91 on Tuesday. The firm has a market capitalization of $11.12 billion, a PE ratio of 34.17, a P/E/G ratio of 0.97 and a beta of 1.50. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.04 and a quick ratio of 0.88. The business has a 50-day moving average of $9.74 and a two-hundred day moving average of $10.08. Paramount Skydance has a 12 month low of $7.62 and a 12 month high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last issued its earnings results on Tuesday, August 4th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Paramount Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%.The business had revenue of $6.91 billion during the quarter. As a group, research analysts forecast that Paramount Skydance will post 0.56 earnings per share for the current year.

Hedge Funds Weigh In On Paramount Skydance

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new stake in Paramount Skydance in the 2nd quarter valued at about $75,000. IFP Advisors Inc grew its position in Paramount Skydance by 11.6% during the 2nd quarter. IFP Advisors Inc now owns 50,934 shares of the company’s stock worth $502,000 after purchasing an additional 5,294 shares in the last quarter. Arizona State Retirement System boosted its position in Paramount Skydance by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 89,455 shares of the company’s stock worth $882,000 after acquiring an additional 1,077 shares during the period. Nykredit A S purchased a new stake in shares of Paramount Skydance in the second quarter worth approximately $150,000. Finally, Brown Financial Advisors acquired a new stake in shares of Paramount Skydance during the second quarter worth approximately $175,000. 73.00% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Paramount Skydance

Here are the key news stories impacting Paramount Skydance this week:

• Positive Sentiment: Paramount reached settlements with California and other state attorneys general, as well as the Writers Guild, removing a major legal obstacle to its approximately $110 billion Warner Bros. Discovery acquisition. The agreement could allow the merger to proceed sooner than previously expected. Reuters settlement report
• Positive Sentiment: The settlement improves deal certainty and supports the strategic case for combining Paramount’s assets with WBD’s studios, networks and streaming operations. The development initially drove strong gains in both companies’ shares and increased bullish options activity in PSKY. CNBC merger settlement report
• Neutral Sentiment: To secure approval, Paramount reportedly agreed to concessions including investment in California production and commitments to remain in the state. The concessions may preserve production capacity and employment, but they will add costs and could include penalties of up to $30 million for missed film commitments. Wall Street Journal settlement details
• Negative Sentiment: Investors remain concerned that Paramount could carry roughly $80 billion of debt after closing the WBD transaction. High leverage could constrain investment, increase interest costs and make it harder to integrate the combined company or improve Paramount+ profitability. Motley Fool debt analysis
• Negative Sentiment: Critics argue the settlement provides insufficient protections for competition and jobs, leaving regulatory, political and integration risks unresolved. Paramount also extended the deadlines for its WBD-related debt tender and exchange offers to October 2, signaling that financing and bondholder participation remain important near-term uncertainties. Paramount debt offer extension announcement

Paramount Skydance Company Profile

Paramount Skydance Corporation (NASDAQ: PSKY) is a global media and entertainment company formed through the combination of Paramount Global and Skydance Media. The company develops, produces and distributes feature films, television programming and other video content for audiences in the United States and international markets.

Its portfolio includes Paramount Pictures, CBS, Nickelodeon, MTV, Comedy Central, BET, Showtime and other well-known entertainment brands. Paramount Skydance also operates streaming services including Paramount+ and Pluto TV, as well as businesses involved in television broadcasting, news, sports and content licensing.

The company’s history includes Paramount Pictures, one of Hollywood’s longstanding film studios, and Skydance Media, a production company founded in 2010 by David Ellison.