Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives $10.55 Average Price Target from Analysts

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has earned an average rating of “Hold” from the twenty research firms that are covering the firm, MarketBeat reports. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $10.55.

A number of equities analysts have commented on WBD shares. The Goldman Sachs Group raised their price objective on Warner Bros. Discovery from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Benchmark restated a “buy” rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a research report on Friday, September 13th. Wells Fargo & Company reduced their price objective on shares of Warner Bros. Discovery from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Rosenblatt Securities reissued a “neutral” rating and issued a $9.00 target price on shares of Warner Bros. Discovery in a report on Friday, September 13th. Finally, Barclays upped their price target on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th.

Warner Bros. Discovery Stock Down 1.2 %

WBD opened at $10.11 on Friday. The stock has a fifty day moving average of $8.34 and a 200-day moving average of $7.95. The company has a market capitalization of $24.80 billion, a P/E ratio of -2.21 and a beta of 1.48. Warner Bros. Discovery has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.79 billion. During the same quarter in the previous year, the firm posted ($0.17) EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities analysts expect that Warner Bros. Discovery will post -4.37 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WBD. State Street Corp raised its position in Warner Bros. Discovery by 4.1% during the 3rd quarter. State Street Corp now owns 151,285,963 shares of the company’s stock worth $1,248,109,000 after purchasing an additional 5,898,611 shares during the last quarter. Sessa Capital IM L.P. raised its position in shares of Warner Bros. Discovery by 24.7% during the third quarter. Sessa Capital IM L.P. now owns 28,410,428 shares of the company’s stock worth $234,386,000 after acquiring an additional 5,625,545 shares during the last quarter. Retirement Systems of Alabama lifted its stake in shares of Warner Bros. Discovery by 781.3% in the second quarter. Retirement Systems of Alabama now owns 4,316,498 shares of the company’s stock worth $32,115,000 after acquiring an additional 3,826,715 shares during the period. Mackenzie Financial Corp boosted its holdings in Warner Bros. Discovery by 1,216.7% in the second quarter. Mackenzie Financial Corp now owns 3,009,558 shares of the company’s stock valued at $22,391,000 after acquiring an additional 2,780,986 shares during the last quarter. Finally, EdgePoint Investment Group Inc. increased its position in Warner Bros. Discovery by 14.6% during the 1st quarter. EdgePoint Investment Group Inc. now owns 20,620,335 shares of the company’s stock valued at $180,016,000 after purchasing an additional 2,621,582 shares during the period. Institutional investors 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.