Griffin Securities Lowers Price Target on Daktronics (DAKT)

Investment analysts at Griffin Securities cut their target price on shares of Daktronics (NASDAQ: DAKT) from $14.00 to $12.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock.

Daktronics opened at 6.39 on Friday. Daktronics has a 52-week low of $6.32 and a 52-week high of $11.94. The company has a market cap of $268.3 million and a price-to-earnings ratio of 31.95.

Daktronics last posted its quarterly earnings results on Wednesday, May 30th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.05. Daktronics’s revenue was down 2.1% compared to the same quarter last year. On average, analysts predict that Daktronics will post $0.12 earnings per share next quarter.

Daktronics, Inc. is a supplier of electronic scoreboards, electronic display systems and related marketing services, digital messaging solutions, software and services for sporting, commercial and transportation applications.

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