Discovery (NASDAQ:DISCA) Price Target Increased to $61.00 by Analysts at Credit Suisse Group


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Discovery (NASDAQ:DISCA) had its price objective upped by stock analysts at Credit Suisse Group from $41.00 to $61.00 in a report released on Tuesday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s target price points to a potential upside of 10.33% from the company’s previous close. The analysts noted that the move was a valuation call.

Several other equities research analysts have also issued reports on the company. Moffett Nathanson raised Discovery from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $45.00 in a research note on Friday, January 15th. TheStreet raised Discovery from a “c” rating to a “b-” rating in a research report on Thursday, November 5th. Rosenblatt Securities reissued a “hold” rating on shares of Discovery in a research report on Monday. Wells Fargo & Company increased their price target on Discovery from $27.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, December 7th. Finally, Citigroup downgraded shares of Discovery from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $36.00 to $46.00 in a research note on Monday, February 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Discovery currently has a consensus rating of “Hold” and a consensus price target of $33.90.

Shares of Discovery stock opened at $55.29 on Tuesday. The firm has a market cap of $27.15 billion, a PE ratio of 26.84, a PEG ratio of 0.88 and a beta of 1.53. The stock has a 50 day moving average of $40.63 and a 200 day moving average of $28.07. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.29. Discovery has a 12 month low of $17.12 and a 12 month high of $56.02.

Discovery (NASDAQ:DISCA) last posted its earnings results on Sunday, February 21st. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Discovery had a return on equity of 20.76% and a net margin of 13.36%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the company earned $0.98 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. As a group, equities research analysts forecast that Discovery will post 3.17 earnings per share for the current fiscal year.

In related news, Director John C. Malone sold 550,000 shares of the stock in a transaction dated Thursday, December 3rd. The shares were sold at an average price of $28.61, for a total transaction of $15,735,500.00. Following the completion of the transaction, the director now directly owns 787,359 shares of the company’s stock, valued at $22,526,340.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.88% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. boosted its position in shares of Discovery by 30.9% during the 4th quarter. Meeder Asset Management Inc. now owns 1,110 shares of the company’s stock worth $33,000 after purchasing an additional 262 shares in the last quarter. Carroll Financial Associates Inc. increased its holdings in shares of Discovery by 232.9% in the 4th quarter. Carroll Financial Associates Inc. now owns 1,112 shares of the company’s stock valued at $33,000 after purchasing an additional 778 shares in the last quarter. Huntington National Bank acquired a new stake in shares of Discovery in the fourth quarter valued at about $40,000. Vantage Consulting Group Inc purchased a new stake in Discovery during the fourth quarter worth about $49,000. Finally, Fifth Third Bancorp boosted its holdings in Discovery by 71.5% during the third quarter. Fifth Third Bancorp now owns 1,758 shares of the company’s stock worth $38,000 after buying an additional 733 shares in the last quarter. 40.84% of the stock is currently owned by hedge funds and other institutional investors.

About Discovery

Discovery, Inc operates as a media company in the United States and internationally. The company operates in two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, ID, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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The Fly

Analyst Recommendations for Discovery (NASDAQ:DISCA)

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