Warner Bros. Discovery (NASDAQ:WBD) Given Outperform Rating at Barrington Research

Warner Bros. Discovery (NASDAQ:WBD)‘s stock had its “outperform” rating restated by stock analysts at Barrington Research in a research report issued on Thursday, Benzinga reports. They currently have a $18.00 target price on the stock. Barrington Research’s price objective indicates a potential upside of 123.88% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. Wolfe Research cut Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price target for the company. in a research note on Tuesday, April 23rd. Barclays lowered their price target on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, February 29th. Rosenblatt Securities upgraded Warner Bros. Discovery from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $7.00 to $10.00 in a research note on Thursday, March 21st. Redburn Atlantic lowered shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a research report on Thursday, January 11th. Finally, Benchmark reaffirmed a “buy” rating and issued a $20.00 price target on shares of Warner Bros. Discovery in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.79.

Warner Bros. Discovery Price Performance

WBD stock opened at $8.04 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $19.62 billion, a PE ratio of -6.28 and a beta of 1.51. Warner Bros. Discovery has a one year low of $7.34 and a one year high of $14.76. The firm has a 50-day moving average of $8.39 and a two-hundred day moving average of $9.80.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The business had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.34 billion. During the same quarter in the previous year, the business posted $0.42 earnings per share. The company’s revenue was down 6.6% compared to the same quarter last year. On average, analysts forecast that Warner Bros. Discovery will post -0.35 earnings per share for the current year.

Institutional Investors Weigh In On Warner Bros. Discovery

Hedge funds and other institutional investors 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 worth $25,000. Peoples Bank KS acquired a new stake in shares of Warner Bros. Discovery during the third quarter worth $27,000. Pacifica Partners Inc. grew its stake in shares of Warner Bros. Discovery by 118.2% during the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock worth $27,000 after purchasing an additional 1,345 shares during the period. Milestone Investment Advisors LLC acquired a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at approximately $28,000. Finally, Headinvest LLC acquired a new stake in Warner Bros. Discovery in the third quarter worth $28,000. 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.