Warner Bros. Discovery (NASDAQ:WBD) Stock Price Expected to Rise, Guggenheim Analyst Says

Warner Bros. Discovery (NASDAQ:WBD) had its target price boosted by analysts at Guggenheim from $11.00 to $12.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price objective would suggest a potential upside of 3.56% from the stock’s current price.

A number of other research firms also recently commented on WBD. Macquarie increased their price objective on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Wolfe Research upgraded shares of Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Benchmark restated a “buy” rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a research report on Friday, September 13th. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research report on Thursday, October 10th. Finally, Barclays raised their price target on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.33.

Warner Bros. Discovery Trading Down 3.4 %

NASDAQ WBD opened at $12.07 on Thursday. Warner Bros. Discovery has a 12 month low of $6.64 and a 12 month high of $12.70. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick 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. The company’s fifty day moving average price is $9.11 and its two-hundred day moving average price is $8.24.

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

Hedge Funds Weigh In On Warner Bros. Discovery

Large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in Warner Bros. Discovery by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock valued at $21,281,000 after buying an additional 78,653 shares during the period. Private Management Group Inc. increased its stake 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 valued at $56,811,000 after buying an additional 1,886,868 shares during the period. Hauser Brothers GmbH increased its stake 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 buying an additional 440,000 shares during the period. Erste Asset Management GmbH acquired a new position in Warner Bros. Discovery during the 3rd quarter valued at about $1,474,000. Finally, Blueshift Asset Management LLC acquired a new position in Warner Bros. Discovery during the 3rd quarter valued at about $588,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Company Profile

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.