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

Warner Bros. Discovery (NASDAQ:WBD - Free Report) had its price target lifted by UBS Group from $9.00 to $10.00 in a report issued on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

WBD has been the topic of a number of other research reports. KeyCorp dropped their target price on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Morgan Stanley dropped their target price on shares of Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Argus upgraded shares of Warner Bros. Discovery to a "hold" rating in a report on Tuesday, May 27th. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a report on Tuesday, June 10th. Finally, Guggenheim restated a "buy" rating on shares of Warner Bros. Discovery in a report on Tuesday, June 10th. Twelve analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $12.41.

Warner Bros. Discovery Trading Up 0.7%

Shares of NASDAQ WBD traded up $0.08 during midday trading on Tuesday, hitting $11.73. 70,357,511 shares of the company traded hands, compared to its average volume of 36,975,244. 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 0.99, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50-day moving average price of $10.07 and a 200 day moving average price of $9.97. The firm has a market cap of $28.79 billion, a P/E ratio of -2.67 and a beta of 1.54.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative net margin of 28.16% and a negative return on equity of 30.56%. The firm had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $9.66 billion. During the same period in the prior year, the business posted ($0.40) EPS. The business's quarterly revenue was down 9.8% compared to the same quarter last year. As a group, analysts expect that Warner Bros. Discovery will post -4.33 earnings per share for the current year.

Hedge Funds Weigh In On Warner Bros. Discovery

A number of hedge funds have recently bought and sold shares of WBD. Norges Bank purchased a new position in Warner Bros. Discovery in the 4th quarter worth about $362,210,000. Contrarius Group Holdings Ltd bought a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at about $168,930,000. Independent Franchise Partners LLP bought a new stake in shares of Warner Bros. Discovery during the 1st quarter valued at about $140,224,000. FMR LLC grew its stake in shares of Warner Bros. Discovery by 478.5% during the 4th quarter. FMR LLC now owns 14,278,600 shares of the company's stock valued at $150,925,000 after purchasing an additional 11,810,191 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Warner Bros. Discovery during the 1st quarter valued at about $96,971,000. Hedge funds and other institutional investors 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.