Warner Bros. Discovery’s (WBD) Outperform Rating Reiterated at Barrington Research

Warner Bros. Discovery (NASDAQ:WBD)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a note issued to investors on Tuesday, Benzinga reports. They currently have a $12.00 target price on the stock. Barrington Research’s price target indicates a potential upside of 38.73% from the stock’s previous close.

WBD has been the topic of a number of other research reports. Sanford C. Bernstein reduced their target price on Warner Bros. Discovery from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, May 10th. KeyCorp upgraded Warner Bros. Discovery from a “sector weight” rating to an “overweight” rating and set a $11.00 price objective on the stock in a research note on Friday, May 10th. Evercore ISI reduced their price objective on Warner Bros. Discovery from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 16th. Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, July 17th. Finally, Wolfe Research cut Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.13.

Warner Bros. Discovery Trading Up 1.2 %

Shares of WBD stock traded up $0.10 during mid-day trading on Tuesday, hitting $8.65. 5,667,466 shares of the company’s stock were exchanged, compared to its average volume of 27,941,529. Warner Bros. Discovery has a fifty-two week low of $6.94 and a fifty-two week high of $14.76. The stock has a 50-day simple moving average of $7.72 and a two-hundred day simple moving average of $8.62. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.87. The stock has a market cap of $21.20 billion, a price-to-earnings ratio of -6.98 and a beta of 1.50.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The business had revenue of $9.96 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the business earned $0.18 EPS. Warner Bros. Discovery’s revenue for the quarter was down 6.9% compared to the same quarter last year. Equities analysts expect that Warner Bros. Discovery will post -0.39 EPS for the current fiscal year.

Institutional Trading of Warner Bros. Discovery

Hedge funds and other institutional investors have recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in Warner Bros. Discovery in the first quarter valued at approximately $27,000. OFI Invest Asset Management boosted its stake in Warner Bros. Discovery by 45.9% in the second quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock valued at $27,000 after acquiring an additional 1,221 shares during the period. First Financial Corp IN boosted its stake in Warner Bros. Discovery by 577.4% in the first quarter. First Financial Corp IN now owns 3,387 shares of the company’s stock valued at $30,000 after acquiring an additional 2,887 shares during the period. University of Texas Texas AM Investment Managment Co. acquired a new position in Warner Bros. Discovery in the fourth quarter valued at approximately $33,000. Finally, Future Financial Wealth Managment LLC acquired a new position in Warner Bros. Discovery in the first quarter valued at approximately $33,000. 59.95% of the stock is 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.