Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives $10.66 Average Price Target from Analysts

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has been given a consensus recommendation of “Hold” by the twenty research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $10.66.

Several equities analysts have weighed in on WBD shares. The Goldman Sachs Group boosted their target price on shares of Warner Bros. Discovery from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Monday, October 7th. TD Cowen reduced their price target on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Warner Bros. Discovery from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Rosenblatt Securities reissued a “neutral” rating and issued a $9.00 price target on shares of Warner Bros. Discovery in a research note on Friday, September 13th. Finally, Evercore ISI reduced their price target on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th.

Institutional Investors Weigh In On Warner Bros. Discovery

Large investors have recently modified their holdings of the company. Crewe Advisors LLC purchased a new stake in shares of Warner Bros. Discovery in the 1st quarter valued at approximately $27,000. Family Firm Inc. acquired a new position in shares of Warner Bros. Discovery in the 2nd quarter valued at $26,000. OFI Invest Asset Management boosted its holdings in shares of Warner Bros. Discovery by 45.9% in the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock valued at $27,000 after buying an additional 1,221 shares in the last quarter. Transcendent Capital Group LLC boosted its holdings in shares of Warner Bros. Discovery by 665.4% in the 1st quarter. Transcendent Capital Group LLC now owns 4,003 shares of the company’s stock valued at $35,000 after buying an additional 3,480 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Warner Bros. Discovery in the 1st quarter valued at $39,000. 59.95% of the stock is owned by hedge funds and other institutional investors.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $7.77 on Monday. The company’s 50-day moving average price is $7.81 and its 200-day moving average price is $7.82. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.06. The company has a market cap of $19.04 billion, a P/E ratio of -6.27 and a beta of 1.48. Warner Bros. Discovery has a twelve month low of $6.64 and a twelve month high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Wednesday, August 7th. The company reported ($4.07) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($3.89). The firm had revenue of $9.71 billion during the quarter, compared to analyst estimates of $10.07 billion. Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.51) earnings per share. On average, sell-side analysts forecast that Warner Bros. Discovery will post -4.47 earnings per share for the current fiscal year.

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.