Deutsche Bank Aktiengesellschaft Trims Endeavor Group (NYSE:EDR) Target Price to $36.00

Endeavor Group (NYSE:EDRGet Rating) had its price target reduced by Deutsche Bank Aktiengesellschaft from $40.00 to $36.00 in a research report report published on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

EDR has been the subject of a number of other reports. Citigroup raised Endeavor Group from a neutral rating to a buy rating and set a $25.00 price objective for the company in a research report on Thursday, July 7th. Evercore ISI lowered their price objective on Endeavor Group from $35.00 to $30.00 in a research report on Wednesday, July 27th. UBS Group raised Endeavor Group from a neutral rating to a buy rating and set a $33.00 price objective for the company in a research report on Friday, May 13th. Piper Sandler lowered their price objective on Endeavor Group from $37.00 to $30.00 in a research report on Friday, May 13th. Finally, StockNews.com raised Endeavor Group from a hold rating to a buy rating in a report on Saturday, June 25th. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of 32.36.

Endeavor Group Stock Performance

NYSE EDR opened at 23.66 on Tuesday. The company has a market cap of $16.67 billion, a P/E ratio of 2,353.35 and a beta of 1.09. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a 50-day moving average of 21.71 and a two-hundred day moving average of 25.33. Endeavor Group has a 1-year low of 17.42 and a 1-year high of 35.28.

Endeavor Group (NYSE:EDRGet Rating) last released its earnings results on Thursday, May 12th. The company reported 0.73 earnings per share for the quarter, beating the consensus estimate of 0.31 by 0.42. Endeavor Group had a return on equity of 11.32% and a net margin of 0.42%. The company had revenue of 1.47 billion during the quarter, compared to the consensus estimate of 1.28 billion. As a group, analysts anticipate that Endeavor Group will post 0.91 EPS for the current year.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 66,000 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of 21.40, for a total value of 1,412,400.00. Following the completion of the sale, the chief executive officer now owns 1,539,533 shares in the company, valued at 32,946,006.20. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Endeavor Group

Several large investors have recently modified their holdings of the stock. Nikko Asset Management Americas Inc. raised its stake in shares of Endeavor Group by 76.5% during the second quarter. Nikko Asset Management Americas Inc. now owns 22,734 shares of the company’s stock worth $457,000 after purchasing an additional 9,850 shares during the last quarter. Cantillon Capital Management LLC raised its stake in shares of Endeavor Group by 17.1% during the second quarter. Cantillon Capital Management LLC now owns 4,136,450 shares of the company’s stock worth $85,045,000 after purchasing an additional 603,646 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Endeavor Group by 10.8% during the second quarter. Envestnet Asset Management Inc. now owns 20,975 shares of the company’s stock worth $431,000 after purchasing an additional 2,053 shares during the last quarter. Retirement Systems of Alabama purchased a new stake in shares of Endeavor Group during the second quarter worth approximately $3,425,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Endeavor Group during the second quarter worth approximately $6,335,000. Hedge funds and other institutional investors own 52.95% of the company’s stock.

Endeavor Group Company Profile

(Get Rating)

Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, Experiences & Rights, and Representation. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings, that license broadcast and other intellectual property rights and operate exclusive live events.

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Analyst Recommendations for Endeavor Group (NYSE:EDR)

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