Analysts Set Warner Bros. Discovery, Inc. (NASDAQ:WBD) PT at $14.24

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eighteen ratings firms that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $14.24.

WBD has been the subject of a number of analyst reports. Benchmark reaffirmed a "buy" rating and set a $20.00 target price on shares of Warner Bros. Discovery in a research note on Monday, March 4th. Morgan Stanley reduced 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. Redburn Atlantic downgraded shares of Warner Bros. Discovery from a "buy" rating to a "neutral" rating and set a $11.00 price target for the company. in a research report on Thursday, January 11th. Macquarie reduced their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an "outperform" rating for the company in a research report on Monday, January 22nd. Finally, Barrington Research reduced their price target on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an "outperform" rating for the company in a research report on Monday, February 26th.

Warner Bros. Discovery Stock Up 2.6 %

Shares of NASDAQ WBD traded up $0.22 on Thursday, reaching $8.54. 36,052,934 shares of the company's stock traded hands, compared to its average volume of 26,836,760. Warner Bros. Discovery has a 12 month low of $8.02 and a 12 month high of $15.14. The business's 50 day simple moving average is $8.97 and its two-hundred day simple moving average is $10.15. The company has a market cap of $20.83 billion, a price-to-earnings ratio of -6.67 and a beta of 1.51. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.90.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its earnings results 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). Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The business had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.34 billion. During the same period in the prior year, the business posted $0.42 EPS. Warner Bros. Discovery's revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities research analysts forecast that Warner Bros. Discovery will post -0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Country Trust Bank boosted its stake in shares of 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 during the last quarter. Fortis Group Advisors LLC bought a new position in Warner Bros. Discovery in the 3rd quarter worth $25,000. Peoples Bank KS bought a new position in Warner Bros. Discovery in the 3rd quarter worth $27,000. Pacifica Partners Inc. boosted its holdings in Warner Bros. Discovery by 118.2% in the 4th quarter. Pacifica Partners Inc. now owns 2,483 shares of the company's stock worth $27,000 after buying an additional 1,345 shares during the period. Finally, Milestone Investment Advisors LLC bought a new position in Warner Bros. Discovery in the 3rd quarter worth $28,000. Hedge funds and other institutional investors own 59.95% of the company's stock.

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.