Discovery Communications, Inc. (DISCA) Price Target Lowered to $19.00 at B. Riley

Discovery Communications, Inc. (NASDAQ:DISCA) had its price objective cut by B. Riley from $23.00 to $19.00 in a research note issued to investors on Wednesday, November 8th, MarketBeat Ratings reports. They currently have a neutral rating on the stock. B. Riley also issued estimates for Discovery Communications’ Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.93 EPS, FY2018 earnings at $2.29 EPS, FY2019 earnings at $2.42 EPS and FY2020 earnings at $2.69 EPS.

DISCA has been the subject of a number of other research reports. Wells Fargo & Company assumed coverage on Discovery Communications in a research report on Thursday, July 20th. They issued a market perform rating and a $28.00 price target for the company. Credit Suisse Group reiterated an underperform rating and issued a $24.00 price target on shares of Discovery Communications in a research report on Saturday, July 22nd. BidaskClub downgraded Discovery Communications from a hold rating to a sell rating in a research note on Friday, July 28th. Cowen Inc reaffirmed a hold rating and set a $29.00 price target on shares of Discovery Communications in a research note on Tuesday, July 11th. Finally, Deutsche Bank AG reaffirmed a hold rating and set a $30.00 price target (down from $32.00) on shares of Discovery Communications in a research note on Friday, July 14th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. Discovery Communications presently has a consensus rating of Hold and a consensus target price of $24.27.

Discovery Communications (NASDAQ:DISCA) opened at $17.47 on Wednesday. Discovery Communications has a 52-week low of $15.99 and a 52-week high of $30.25. The stock has a market capitalization of $6,633.44, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 0.95 and a beta of 1.55. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87.

Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.12). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business earned $0.47 earnings per share. Discovery Communications’s quarterly revenue was up 6.1% on a year-over-year basis. equities research analysts anticipate that Discovery Communications will post 2.02 earnings per share for the current year.

In other news, CFO Gunnar Wiedenfels bought 15,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was bought at an average price of $15.45 per share, for a total transaction of $231,750.00. Following the completion of the transaction, the chief financial officer now directly owns 50,000 shares in the company, valued at approximately $772,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J David Wargo bought 80,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were purchased at an average price of $15.80 per share, with a total value of $1,264,000.00. Following the transaction, the director now owns 147,591 shares of the company’s stock, valued at $2,331,937.80. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 195,000 shares of company stock valued at $3,071,750. Corporate insiders own 6.81% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Discovery Communications by 0.7% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 18,729,826 shares of the company’s stock valued at $398,758,000 after purchasing an additional 123,603 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Discovery Communications by 5.4% in the second quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock valued at $430,362,000 after purchasing an additional 858,015 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Discovery Communications by 12.2% in the third quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock valued at $254,779,000 after purchasing an additional 1,297,175 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Discovery Communications by 2.0% in the second quarter. BlackRock Inc. now owns 9,533,783 shares of the company’s stock valued at $246,259,000 after purchasing an additional 187,781 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Discovery Communications by 5.4% in the second quarter. State Street Corp now owns 7,346,135 shares of the company’s stock valued at $189,736,000 after purchasing an additional 376,975 shares in the last quarter. 48.25% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This news story was originally posted by BBNS and is the sole property of of BBNS. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://baseballnewssource.com/markets/discovery-communications-inc-disca-pt-lowered-to-19-00/1768089.html.

Discovery Communications Company Profile

Discovery Communications, Inc (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

Receive News & Ratings for Discovery Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Phillies Sign Free Agent Carlos Santana
Phillies Sign Free Agent Carlos Santana
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle


Leave a Reply

 
© 2006-2017 BBNS.