Warner Bros. Discovery (NASDAQ:WBD) Price Target Raised to $14.00

Warner Bros. Discovery (NASDAQ:WBD) had its target price raised by KeyCorp from $11.00 to $14.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

WBD has been the topic of a number of other research reports. The Goldman Sachs Group boosted their target price on shares of Warner Bros. Discovery from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Monday, October 7th. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a report on Thursday, October 10th. Wolfe Research raised shares of Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Benchmark reissued a “buy” rating and set a $18.00 target price on shares of Warner Bros. Discovery in a report on Friday, September 13th. Finally, Raymond James boosted their target price on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Warner Bros. Discovery currently has an average rating of “Hold” and a consensus price target of $10.95.

Warner Bros. Discovery Stock Performance

WBD stock opened at $12.49 on Tuesday. The stock has a 50-day moving average price of $9.02 and a 200-day moving average price of $8.21. Warner Bros. Discovery has a 1-year low of $6.64 and a 1-year high of $12.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm has a market cap of $30.64 billion, a PE ratio of -2.73 and a beta of 1.51.

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

Institutional Trading of Warner Bros. Discovery

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Family Firm Inc. purchased a new stake in Warner Bros. Discovery in the second quarter worth approximately $26,000. OFI Invest Asset Management boosted its stake in shares of Warner Bros. Discovery by 45.9% during the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock worth $27,000 after acquiring an additional 1,221 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Warner Bros. Discovery by 54.1% during the 3rd quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock worth $41,000 after acquiring an additional 1,754 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Warner Bros. Discovery during the 3rd quarter worth $41,000. Finally, Brooklyn Investment Group purchased a new position in shares of Warner Bros. Discovery during the 3rd quarter valued at $51,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

About Warner Bros. Discovery

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.