Analysts Set Warner Bros. Discovery, Inc. (NASDAQ:WBD) Target Price at $10.55

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has been assigned an average rating of “Hold” from the twenty research firms that are covering the stock, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $10.55.

A number of equities analysts have recently issued reports on WBD shares. Benchmark restated a “buy” rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a research note on Friday, September 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a research report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price objective on shares of Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. TD Cowen cut their target price on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Sanford C. Bernstein downgraded shares of Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $10.00 to $8.00 in a research report on Tuesday, August 13th.

Institutional Trading of Warner Bros. Discovery

Hedge funds have recently modified their holdings of the company. Edgestream Partners L.P. bought a new stake in Warner Bros. Discovery in the first quarter worth $511,000. O Shaughnessy Asset Management LLC raised its position in shares of Warner Bros. Discovery by 6.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 67,339 shares of the company’s stock valued at $588,000 after buying an additional 3,984 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Warner Bros. Discovery by 2.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,744,966 shares of the company’s stock valued at $15,250,000 after acquiring an additional 47,111 shares during the last quarter. Crewe Advisors LLC purchased a new position in Warner Bros. Discovery in the first quarter worth about $27,000. Finally, CreativeOne Wealth LLC bought a new stake in Warner Bros. Discovery during the first quarter worth approximately $119,000. 59.95% of the stock is owned by hedge funds and other institutional investors.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD opened at $10.38 on Friday. The firm’s 50-day moving average price is $8.45 and its 200-day moving average price is $8.00. Warner Bros. Discovery has a 52-week low of $6.64 and a 52-week high of $12.70. The company has a market cap of $25.46 billion, a PE ratio of -2.27 and a beta of 1.48. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.79 billion. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, analysts anticipate that Warner Bros. Discovery will post -4.37 EPS for the current year.

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.