Warner Bros. Discovery (NASDAQ:WBD) Stock Price Expected to Rise, Macquarie Analyst Says

Warner Bros. Discovery (NASDAQ:WBD) had its target price upped by investment analysts at Macquarie from $8.00 to $9.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Macquarie’s price target points to a potential downside of 1.96% from the company’s previous close.

A number of other equities analysts also recently commented on WBD. Benchmark reissued a “buy” rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a research note on Friday, September 13th. The Goldman Sachs Group raised their price objective on Warner Bros. Discovery from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Monday, October 7th. Evercore ISI decreased their target price on Warner Bros. Discovery from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. dropped their target price on Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Raymond James upped their price target on Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Warner Bros. Discovery currently has an average rating of “Hold” and an average price target of $10.55.

Warner Bros. Discovery Price Performance

Shares of Warner Bros. Discovery stock opened at $9.18 on Friday. The business’s fifty day moving average price is $7.90 and its 200 day moving average price is $7.83. Warner Bros. Discovery has a twelve month low of $6.64 and a twelve month high of $12.70. 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 stock has a market capitalization of $22.51 billion, a P/E ratio of -1.91 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.12. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.79 billion. Warner Bros. Discovery had a negative return on equity of 27.28% and a negative net margin of 29.47%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.17) EPS. As a group, research analysts anticipate that Warner Bros. Discovery will post -4.55 earnings per share for the current year.

Institutional Investors Weigh In On Warner Bros. Discovery

Institutional investors and hedge funds have recently made changes to their positions in the company. Texas Permanent School Fund Corp increased its stake in Warner Bros. Discovery by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 458,382 shares of the company’s stock valued at $4,002,000 after purchasing an additional 5,830 shares during the last quarter. Empirical Finance LLC lifted its holdings in Warner Bros. Discovery by 3.5% in the first quarter. Empirical Finance LLC now owns 79,751 shares of the company’s stock worth $696,000 after acquiring an additional 2,713 shares during the last quarter. Quantbot Technologies LP acquired a new position in Warner Bros. Discovery in the first quarter valued at approximately $457,000. Empowered Funds LLC boosted its stake in Warner Bros. Discovery by 124.5% in the first quarter. Empowered Funds LLC now owns 52,891 shares of the company’s stock valued at $462,000 after acquiring an additional 29,330 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Warner Bros. Discovery by 1.0% during the first quarter. Oppenheimer & Co. Inc. now owns 380,578 shares of the company’s stock valued at $3,322,000 after purchasing an additional 3,818 shares during the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

About Warner Bros. Discovery

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.