Discovery Communications (NASDAQ:DISCA) Price Target Lowered to $30.00 at Imperial Capital

Discovery Communications (NASDAQ:DISCA) had its price target lowered by investment analysts at Imperial Capital from $32.00 to $30.00 in a research report issued to clients and investors on Monday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Imperial Capital’s target price would indicate a potential upside of 42.18% from the company’s previous close.

A number of other research analysts also recently issued reports on DISCA. Credit Suisse Group decreased their target price on shares of Discovery Communications from $39.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. MKM Partners decreased their target price on shares of Discovery Communications from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Rosenblatt Securities restated a “neutral” rating and set a $24.00 target price (down from $27.00) on shares of Discovery Communications in a research report on Sunday, May 10th. Royal Bank of Canada restated a “buy” rating and set a $26.00 target price on shares of Discovery Communications in a research report on Thursday, May 7th. Finally, Citigroup decreased their target price on shares of Discovery Communications from $39.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, April 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.58.

Shares of DISCA opened at $21.10 on Monday. The firm has a market capitalization of $10.55 billion, a PE ratio of 7.28, a price-to-earnings-growth ratio of 0.55 and a beta of 1.51. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.61 and a quick ratio of 1.61. Discovery Communications has a 1-year low of $17.12 and a 1-year high of $33.65. The company’s fifty day moving average price is $21.80 and its 200-day moving average price is $25.49.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. Discovery Communications had a net margin of 18.54% and a return on equity of 23.40%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 earnings per share. As a group, research analysts anticipate that Discovery Communications will post 2.92 EPS for the current fiscal year.

In other Discovery Communications news, Director John C. Malone sold 5,229 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $21.44, for a total value of $112,109.76. Following the completion of the transaction, the director now owns 780,591 shares in the company, valued at $16,735,871.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.88% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Pathstone Family Office LLC raised its position in shares of Discovery Communications by 54.0% during the 1st quarter. Pathstone Family Office LLC now owns 1,549 shares of the company’s stock worth $31,000 after purchasing an additional 543 shares during the last quarter. Piedmont Investment Advisors Inc. raised its position in shares of Discovery Communications by 0.4% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 137,062 shares of the company’s stock worth $4,487,000 after purchasing an additional 566 shares during the last quarter. BancorpSouth Bank raised its position in shares of Discovery Communications by 3.3% during the 1st quarter. BancorpSouth Bank now owns 18,156 shares of the company’s stock worth $353,000 after purchasing an additional 585 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Discovery Communications by 7.4% during the 4th quarter. Private Advisor Group LLC now owns 9,942 shares of the company’s stock worth $326,000 after purchasing an additional 685 shares during the last quarter. Finally, Texas Permanent School Fund raised its position in shares of Discovery Communications by 2.6% during the 1st quarter. Texas Permanent School Fund now owns 28,706 shares of the company’s stock worth $558,000 after purchasing an additional 724 shares during the last quarter. Institutional investors and hedge funds own 36.27% of the company’s stock.

About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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