Time Warner Inc (TWX) Receives $104.36 Average Price Target from Analysts
Shares of Time Warner Inc (NYSE:TWX) have received a consensus recommendation of “Hold” from the twenty-six analysts that are covering the stock, Marketbeat Ratings reports. Sixteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $104.36.
A number of equities research analysts recently issued reports on TWX shares. ValuEngine cut shares of Time Warner from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Time Warner from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. B. Riley reiterated a “hold” rating and issued a $101.00 price objective on shares of Time Warner in a report on Tuesday, November 21st. Pivotal Research reiterated a “buy” rating and issued a $108.00 price objective (up from $103.00) on shares of Time Warner in a report on Tuesday, January 9th. Finally, upgraded shares of Time Warner from a “hold” rating to a “buy” rating and upped their price objective for the stock from $102.00 to $103.00 in a report on Wednesday, November 15th.
In related news, insider Olaf Olafsson sold 23,450 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $90.03, for a total value of $2,111,203.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William P. Barr sold 4,019 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $97.20, for a total transaction of $390,646.80. Following the completion of the sale, the director now owns 44,959 shares of the company’s stock, valued at approximately $4,370,014.80. The disclosure for this sale can be found here. Insiders have sold 360,966 shares of company stock valued at $32,745,250 over the last 90 days. Corporate insiders own 0.16% of the company’s stock.
Time Warner (NYSE TWX) traded up $0.74 during midday trading on Wednesday, hitting $94.32. 2,461,070 shares of the stock were exchanged, compared to its average volume of 4,976,229. The firm has a market capitalization of $73,470.00, a P/E ratio of 17.17, a PEG ratio of 1.37 and a beta of 0.93. Time Warner has a 1-year low of $85.88 and a 1-year high of $103.90. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.91.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.16. The firm had revenue of $8.61 billion during the quarter, compared to analysts’ expectations of $8.41 billion. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. Time Warner’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share. analysts anticipate that Time Warner will post 7.56 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Time Warner Inc (TWX) Receives $104.36 Average Price Target from Analysts” was first published by Watch List News and is owned by of Watch List News. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.watchlistnews.com/time-warner-inc-twx-receives-104-36-average-price-target-from-analysts/1909802.html.
Time Warner Company Profile
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.
Receive News & Ratings for Time Warner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner and related companies with MarketBeat.com's FREE daily email newsletter.