Warner Bros. Discovery, Inc. (NASDAQ:WBD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $14.24.

A number of research firms recently weighed in on WBD. Wells Fargo & Company cut shares of Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $16.00 to $12.00 in a research report on Monday, January 29th. Morgan Stanley decreased their price target on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. JPMorgan Chase & Co. decreased their price target on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 26th. Rosenblatt Securities raised shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and raised their price target for the company from $7.00 to $10.00 in a research report on Thursday, March 21st. Finally, Citigroup decreased their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, February 29th.

Warner Bros. Discovery Stock Up 1.1 %

Shares of NASDAQ WBD opened at $8.23 on Thursday. The company has a 50 day simple moving average of $8.82 and a 200-day simple moving average of $10.07. The company has a market capitalization of $20.08 billion, a P/E ratio of -6.43 and a beta of 1.51. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.93 and a quick ratio of 0.93. Warner Bros. Discovery has a 1 year low of $8.02 and a 1 year high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The company had revenue of $10.28 billion for the quarter, compared to analysts’ expectations of $10.34 billion. Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS. On average, equities research analysts predict that Warner Bros. Discovery will post -0.35 earnings per share for the current year.

Institutional Investors Weigh In On Warner Bros. Discovery

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Country Trust Bank raised its stake in Warner Bros. Discovery by 76.0% during the 3rd quarter. Country Trust Bank now owns 2,314 shares of the company’s stock worth $25,000 after acquiring an additional 999 shares in the last quarter. Fortis Group Advisors LLC acquired a new position in Warner Bros. Discovery in the third quarter valued at $25,000. Peoples Bank KS acquired a new position in Warner Bros. Discovery in the third quarter valued at $27,000. Pacifica Partners Inc. increased its stake in Warner Bros. Discovery by 118.2% in the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after purchasing an additional 1,345 shares during the period. Finally, Milestone Investment Advisors LLC acquired a new position in Warner Bros. Discovery in the third quarter valued at $28,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

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.