Warner Bros. Discovery (NASDAQ:WBD) Given New $15.00 Price Target at Deutsche Bank Aktiengesellschaft

Warner Bros. Discovery (NASDAQ:WBD) had its price target cut by Deutsche Bank Aktiengesellschaft from $16.00 to $15.00 in a report issued on Thursday, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on the company. Sanford C. Bernstein lowered their price target on Warner Bros. Discovery from $11.00 to $10.00 and set an outperform rating on the stock in a research note on Friday, May 10th. KeyCorp raised Warner Bros. Discovery from a sector weight rating to an overweight rating and set a $11.00 price objective for the company in a research note on Friday, May 10th. Benchmark reduced their target price on shares of Warner Bros. Discovery from $20.00 to $18.00 and set a buy rating on the stock in a report on Thursday. Morgan Stanley decreased their target price on Warner Bros. Discovery from $10.00 to $9.00 and set an equal weight rating for the company in a report on Monday, July 29th. Finally, Evercore ISI cut their price target on Warner Bros. Discovery from $10.00 to $9.00 and set an outperform rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of Hold and a consensus target price of $11.48.

Warner Bros. Discovery Stock Performance

Shares of WBD traded up $0.01 during trading hours on Thursday, hitting $7.03. The stock had a trading volume of 40,957,016 shares, compared to its average volume of 28,787,209. The firm has a 50-day moving average price of $7.76 and a 200 day moving average price of $8.42. Warner Bros. Discovery has a fifty-two week low of $6.73 and a fifty-two week high of $14.52. The firm has a market capitalization of $17.23 billion, a price-to-earnings ratio of -5.66 and a beta of 1.49. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.82 and a current ratio of 0.82.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Wednesday, August 7th. The company reported ($4.07) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($3.89). 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 $9.71 billion for the quarter, compared to analyst estimates of $10.07 billion. During the same period in the previous year, the company earned ($0.51) earnings per share. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. As a group, research analysts anticipate that Warner Bros. Discovery will post -0.44 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Terril Brothers Inc. boosted its holdings in shares of Warner Bros. Discovery by 0.6% in the second quarter. Terril Brothers Inc. now owns 654,475 shares of the company’s stock valued at $4,869,000 after acquiring an additional 4,140 shares during the period. Poehling Capital Management INC. boosted its stake in Warner Bros. Discovery by 15.0% during the 2nd quarter. Poehling Capital Management INC. now owns 744,631 shares of the company’s stock worth $5,540,000 after purchasing an additional 96,951 shares during the period. WINTON GROUP Ltd purchased a new position in Warner Bros. Discovery during the 2nd quarter worth $87,000. Thompson Siegel & Walmsley LLC increased its stake in Warner Bros. Discovery by 23.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 7,542,407 shares of the company’s stock valued at $56,116,000 after purchasing an additional 1,452,913 shares during the period. Finally, Williams Financial LLC purchased a new stake in shares of Warner Bros. Discovery in the second quarter valued at about $322,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

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.