Discovery (NASDAQ:DISCA) had its price objective cut by UBS Group from $38.00 to $27.00 in a report released on Wednesday morning, The Fly reports. They currently have a neutral rating on the stock.
A number of other research firms have also recently weighed in on DISCA. Deutsche Bank Aktiengesellschaft reduced their price target on Discovery from $55.00 to $40.00 and set a buy rating for the company in a report on Wednesday, August 4th. Royal Bank of Canada reduced their price target on Discovery from $56.00 to $52.00 and set an outperform rating for the company in a report on Thursday, June 24th. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Discovery currently has a consensus rating of Hold and an average price target of $41.38.
Shares of DISCA stock opened at $25.30 on Wednesday. The stock has a market cap of $12.80 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.04 and a beta of 1.36. The business has a 50-day simple moving average of $28.01 and a 200-day simple moving average of $35.20. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.12. Discovery has a 52-week low of $19.07 and a 52-week high of $78.14.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Discovery by 5.6% in the second quarter. Vanguard Group Inc. now owns 17,799,455 shares of the company’s stock valued at $546,086,000 after purchasing an additional 947,453 shares in the last quarter. BlackRock Inc. grew its position in shares of Discovery by 15.2% in the second quarter. BlackRock Inc. now owns 13,875,931 shares of the company’s stock valued at $425,714,000 after purchasing an additional 1,832,323 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Discovery by 39.8% in the first quarter. JPMorgan Chase & Co. now owns 11,813,710 shares of the company’s stock valued at $513,424,000 after purchasing an additional 3,363,999 shares in the last quarter. State Street Corp grew its position in shares of Discovery by 3.8% in the second quarter. State Street Corp now owns 7,768,918 shares of the company’s stock valued at $238,350,000 after purchasing an additional 282,200 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Discovery by 29.2% in the second quarter. Invesco Ltd. now owns 4,856,954 shares of the company’s stock valued at $149,012,000 after purchasing an additional 1,097,531 shares in the last quarter. Institutional investors and hedge funds own 33.56% of the company’s stock.
Discovery, Inc is a media company, which engages in the provision of content across distribution platforms and digital distribution arrangements. It operates through the following segments: U.S. Networks and International Networks. The U.S. Networks segment owns and operates national television networks such as Discovery Channel, Animal Planet, and Investigation Discovery and Science.
Recommended Story: Quick Ratio
Receive News & Ratings for Discovery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery and related companies with MarketBeat.com's FREE daily email newsletter.