Digi International (NASDAQ:DGII – Get Rating) had its target price lifted by Stephens from $40.00 to $50.00 in a research report released on Friday morning, MarketBeat.com reports. They currently have an overweight rating on the technology company’s stock.
Several other brokerages also recently weighed in on DGII. Canaccord Genuity Group boosted their price objective on Digi International from $41.00 to $46.00 and gave the company a buy rating in a research report on Friday. Craig Hallum boosted their price objective on Digi International to $40.00 in a research report on Tuesday, August 9th. Canaccord Genuity Group upped their target price on Digi International from $30.00 to $41.00 in a report on Monday, August 8th. Cantor Fitzgerald upped their target price on Digi International from $41.00 to $48.00 and gave the company an overweight rating in a report on Friday. Finally, UBS Group upped their target price on Digi International from $41.00 to $46.00 and gave the company a buy rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $45.86.
Digi International Stock Performance
Shares of DGII stock opened at $39.89 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.14 and a current ratio of 1.79. Digi International has a fifty-two week low of $18.54 and a fifty-two week high of $42.04. The stock has a 50 day moving average price of $35.84 and a two-hundred day moving average price of $29.46. The company has a market capitalization of $1.40 billion, a P/E ratio of 73.87, a PEG ratio of 1.13 and a beta of 1.25.
Institutional Investors Weigh In On Digi International
Digi International Company Profile
Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States and internationally. The company operates in two segments, IoT Products & Services and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.
- Get a free copy of the StockNews.com research report on Digi International (DGII)
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