Time Warner Inc. (TWX) Price Target Raised to $107.00 at Barclays PLC
Time Warner Inc. (NYSE:TWX) had its target price increased by research analysts at Barclays PLC from $92.00 to $107.00 in a research note issued to investors on Tuesday, MarketBeat reports. The firm presently has an “equal weight” rating on the media conglomerate’s stock. Barclays PLC’s price objective would suggest a potential upside of 19.55% from the stock’s previous close.
A number of other research analysts also recently commented on the company. Evercore ISI downgraded Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 target price on the stock. in a research note on Monday, August 7th. BMO Capital Markets restated a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research note on Wednesday, September 13th. BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Cowen Inc restated a “hold” rating and issued a $107.50 target price on shares of Time Warner in a research note on Thursday, August 3rd. Finally, FBR & Co downgraded Time Warner from a “buy” rating to a “neutral” rating and boosted their target price for the company from $105.00 to $107.50 in a research note on Monday, October 16th. Twenty-three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $102.87.
Time Warner (NYSE TWX) opened at $89.50 on Tuesday. Time Warner has a twelve month low of $85.88 and a twelve month high of $103.90. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $69,680.00, a price-to-earnings ratio of 14.77, a PEG ratio of 1.41 and a beta of 0.98.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The business had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.40 billion. During the same quarter in the previous year, the company posted $1.83 earnings per share. Time Warner’s revenue for the quarter was up 6.0% compared to the same quarter last year. analysts expect that Time Warner will post 6.2 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Time Warner by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock valued at $5,004,741,000 after acquiring an additional 1,116,818 shares in the last quarter. BlackRock Inc. raised its holdings in Time Warner by 4.0% in the 2nd quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock valued at $4,470,656,000 after acquiring an additional 1,696,681 shares in the last quarter. State Street Corp raised its holdings in Time Warner by 2.1% in the 1st quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock valued at $3,199,990,000 after acquiring an additional 688,860 shares in the last quarter. Franklin Resources Inc. raised its holdings in Time Warner by 0.4% in the 2nd quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock valued at $1,239,484,000 after acquiring an additional 51,596 shares in the last quarter. Finally, Farallon Capital Management LLC raised its holdings in Time Warner by 37.3% in the 2nd quarter. Farallon Capital Management LLC now owns 6,980,000 shares of the media conglomerate’s stock valued at $700,862,000 after acquiring an additional 1,895,000 shares in the last quarter. 77.15% of the stock is owned by institutional investors and hedge funds.
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About Time Warner
Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.
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