Warner Bros. Discovery (NASDAQ:WBD) Rating Reiterated by Barrington Research

Warner Bros. Discovery (NASDAQ:WBD)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a research note issued on Thursday, Benzinga reports. They presently have a $18.00 price target on the stock. Barrington Research’s price target would indicate a potential upside of 123.88% from the stock’s previous close.

WBD has been the subject of several other research reports. Barclays cut their price target on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday, February 29th. Benchmark reiterated a “buy” rating and set a $20.00 target price on shares of Warner Bros. Discovery in a research report on Monday, March 4th. Morgan Stanley lowered their price target on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. KeyCorp upgraded shares of Warner Bros. Discovery from a “sector weight” rating to an “overweight” rating and set a $11.00 price target on the stock in a research note on Friday. Finally, Macquarie reduced their price objective on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, January 22nd. One research 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 MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Moderate Buy” and an average price target of $13.79.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $8.04 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $19.62 billion, a price-to-earnings ratio of -6.28 and a beta of 1.51. Warner Bros. Discovery has a 52 week low of $7.34 and a 52 week high of $14.76. The firm’s 50-day simple moving average is $8.39 and its two-hundred day simple moving average is $9.80.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results 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 company had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.34 billion. During the same period last year, the firm posted $0.42 EPS. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, equities analysts forecast that Warner Bros. Discovery will post -0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Fortis Group Advisors LLC bought a new stake in Warner Bros. Discovery during the third quarter valued at approximately $25,000. Peoples Bank KS purchased a new stake in shares of Warner Bros. Discovery during the 3rd quarter valued at $27,000. Pacifica Partners Inc. lifted its holdings in shares of Warner Bros. Discovery by 118.2% during the 4th quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock worth $27,000 after acquiring an additional 1,345 shares during the last quarter. Milestone Investment Advisors LLC purchased a new position in Warner Bros. Discovery in the third quarter worth $28,000. Finally, Headinvest LLC bought a new position in Warner Bros. Discovery in the third quarter valued at $28,000. 59.95% of the stock is currently owned by institutional investors.

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.