Brokerages Set Warner Bros. Discovery, Inc. (NASDAQ:WBD) Target Price at $13.16

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) have earned an average rating of “Hold” from the twenty ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.82.

Several research firms have weighed in on WBD. KeyCorp raised Warner Bros. Discovery from a “sector weight” rating to an “overweight” rating and set a $11.00 target price on the stock in a research note on Friday, May 10th. Wolfe Research lowered shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, April 23rd. Barrington Research reissued an “outperform” rating and set a $15.00 target price on shares of Warner Bros. Discovery in a research note on Tuesday, May 28th. Rosenblatt Securities upgraded Warner Bros. Discovery from a “sell” rating to a “neutral” rating and boosted their target price for the company from $7.00 to $10.00 in a research note on Thursday, March 21st. Finally, The Goldman Sachs Group assumed coverage on shares of Warner Bros. Discovery in a report on Tuesday, June 25th. They set a “neutral” rating and a $8.50 price target on the stock.

Warner Bros. Discovery Trading Down 4.6 %

Warner Bros. Discovery stock opened at $7.10 on Tuesday. Warner Bros. Discovery has a 52 week low of $6.94 and a 52 week high of $14.76. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $17.40 billion, a price-to-earnings ratio of -5.73 and a beta of 1.50. The company has a 50 day moving average price of $7.83 and a 200 day moving average price of $9.04.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Thursday, May 9th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The business had revenue of $9.96 billion during the quarter, compared to analyst estimates of $10.22 billion. Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The business’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. Research analysts forecast that Warner Bros. Discovery will post -0.38 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fortis Group Advisors LLC bought a new stake in shares of Warner Bros. Discovery during the third quarter valued at approximately $25,000. Pacifica Partners Inc. boosted its position in Warner Bros. Discovery by 118.2% in the 4th quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after buying an additional 1,345 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Warner Bros. Discovery in the 1st quarter valued at $27,000. Headinvest LLC bought a new stake in shares of Warner Bros. Discovery during the third quarter worth $28,000. Finally, First Financial Corp IN lifted its stake in shares of Warner Bros. Discovery by 577.4% during the first quarter. First Financial Corp IN now owns 3,387 shares of the company’s stock valued at $30,000 after acquiring an additional 2,887 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.