Warner Bros. Discovery (NASDAQ:WBD) Given Outperform Rating at Barrington Research

Warner Bros. Discovery (NASDAQ:WBD)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a research note issued to investors on Friday,Benzinga reports. They presently have a $16.00 price objective on the stock. Barrington Research’s price objective points to a potential upside of 32.56% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on WBD. The Goldman Sachs Group upped their price target on shares of Warner Bros. Discovery from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Monday, October 7th. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research note on Thursday, October 10th. Guggenheim lifted their price target on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday. Bank of America reiterated a “buy” rating and set a $14.00 price target on shares of Warner Bros. Discovery in a report on Thursday. Finally, Barclays raised their price objective on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Warner Bros. Discovery has a consensus rating of “Hold” and an average target price of $11.33.

Warner Bros. Discovery Stock Down 3.4 %

Shares of WBD stock opened at $12.07 on Friday. The stock’s 50 day simple moving average is $9.11 and its 200 day simple moving average is $8.24. Warner Bros. Discovery has a twelve month low of $6.64 and a twelve month high of $12.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $29.61 billion, a price-to-earnings ratio of -2.64 and a beta of 1.52.

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

Institutional Trading of Warner Bros. Discovery

A number of large investors have recently bought and sold shares of WBD. Principal Financial Group Inc. increased its holdings in shares of Warner Bros. Discovery by 3.1% during the third quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock worth $21,281,000 after buying an additional 78,653 shares in the last quarter. Private Management Group Inc. grew its position in Warner Bros. Discovery by 37.7% during the 3rd quarter. Private Management Group Inc. now owns 6,886,143 shares of the company’s stock worth $56,811,000 after acquiring an additional 1,886,868 shares during the last quarter. Hauser Brothers GmbH increased its holdings in Warner Bros. Discovery by 56.1% during the 3rd quarter. Hauser Brothers GmbH now owns 1,225,000 shares of the company’s stock valued at $10,106,000 after purchasing an additional 440,000 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Warner Bros. Discovery during the 3rd quarter valued at $1,474,000. Finally, Blueshift Asset Management LLC bought a new position in Warner Bros. Discovery in the 3rd quarter valued at $588,000. 59.95% of the stock is currently owned by institutional investors.

About Warner Bros. Discovery

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.