Analysts Set Warner Bros. Discovery, Inc. (NASDAQ:WBD) Price Target at $27.04

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBDGet Free Report) have received a consensus recommendation of “Hold” from the twenty-two analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $27.0417.

A number of equities research analysts have weighed in on the company. Weiss Ratings lowered Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Seaport Research Partners raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Monday, June 29th. Zacks Research upgraded Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. KeyCorp restated an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Finally, Huber Research raised shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st.

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Institutional Investors Weigh In On Warner Bros. Discovery

Several hedge funds have recently modified their holdings of WBD. Swiss RE Ltd. purchased a new position in Warner Bros. Discovery during the fourth quarter valued at approximately $26,000. Harbor Investment Advisory LLC raised its stake in Warner Bros. Discovery by 111.2% in the second quarter. Harbor Investment Advisory LLC now owns 942 shares of the company’s stock worth $25,000 after buying an additional 496 shares in the last quarter. Fideuram Asset Management Ireland dac purchased a new stake in Warner Bros. Discovery during the fourth quarter worth $29,000. Elevation Wealth Partners LLC lifted its holdings in Warner Bros. Discovery by 64.3% during the second quarter. Elevation Wealth Partners LLC now owns 1,009 shares of the company’s stock worth $27,000 after buying an additional 395 shares during the period. Finally, MV Capital Management Inc. bought a new stake in Warner Bros. Discovery during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

Warner Bros. Discovery stock opened at $25.83 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $64.76 billion, a PE ratio of -36.90 and a beta of 1.54. The company has a 50 day moving average price of $26.80 and a 200-day moving average price of $27.44. Warner Bros. Discovery has a fifty-two week low of $10.76 and a fifty-two week high of $30.00.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($1.07). The firm had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the company earned ($0.18) EPS. As a group, equities analysts forecast that Warner Bros. Discovery will post -1.07 earnings per share for the current year.

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Warner Bros. Discovery Company Profile

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Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.

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