Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives Average Rating of “Moderate Buy” from Analysts

Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating) has received a consensus rating of “Moderate Buy” from the twenty-two analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $20.83.

A number of research firms recently issued reports on WBD. Truist Financial began coverage on shares of Warner Bros. Discovery in a research note on Monday, April 10th. They issued a “buy” rating and a $19.00 price target on the stock. 22nd Century Group reissued a “maintains” rating on shares of Warner Bros. Discovery in a research note on Monday, May 8th. Barrington Research raised shares of Warner Bros. Discovery from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research note on Tuesday, May 16th. Wells Fargo & Company raised shares of Warner Bros. Discovery from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $13.00 to $20.00 in a research note on Friday, March 17th. Finally, Morgan Stanley lifted their target price on shares of Warner Bros. Discovery from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Monday, January 30th.

Warner Bros. Discovery Stock Down 1.6 %

NASDAQ:WBD opened at $12.20 on Monday. Warner Bros. Discovery has a fifty-two week low of $8.82 and a fifty-two week high of $18.76. The stock has a market capitalization of $29.72 billion, a P/E ratio of -3.25 and a beta of 1.47. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.84 and a current ratio of 0.84. The company’s 50-day simple moving average is $13.80 and its 200-day simple moving average is $12.93.

Warner Bros. Discovery (NASDAQ:WBD – Get Rating) last released its earnings results on Thursday, February 23rd. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.45. The company had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $11.03 billion. Warner Bros. Discovery had a negative net margin of 21.51% and a positive return on equity of 3.24%. On average, equities analysts anticipate that Warner Bros. Discovery will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. acquired a new position in Warner Bros. Discovery in the 3rd quarter valued at about $2,026,804,000. BlackRock Inc. purchased a new stake in Warner Bros. Discovery in the 3rd quarter valued at about $1,863,279,000. State Street Corp grew its holdings in Warner Bros. Discovery by 2.2% in the 1st quarter. State Street Corp now owns 109,844,866 shares of the company’s stock valued at $1,658,653,000 after buying an additional 2,403,255 shares during the period. Newport Trust Co grew its holdings in Warner Bros. Discovery by 15.4% in the 4th quarter. Newport Trust Co now owns 51,205,017 shares of the company’s stock valued at $485,424,000 after buying an additional 6,850,256 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Warner Bros. Discovery by 1.3% in the 1st quarter. Geode Capital Management LLC now owns 48,394,472 shares of the company’s stock valued at $729,158,000 after buying an additional 620,993 shares during the period. Hedge funds and other institutional investors own 55.18% of the company’s stock.

Warner Bros. Discovery Company Profile

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Warner Bros. Discovery, Inc operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros.