Brokerages Set Warner Bros. Discovery, Inc. (NASDAQ:WBD) Target Price at $12.33

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-three research firms that are currently covering the firm, MarketBeat.com reports. Eleven analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $12.33.

A number of equities analysts have recently issued reports on the stock. Bank of America raised their target price on shares of Warner Bros. Discovery from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Raymond James Financial lowered their target price on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Citigroup lowered their target price on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. Huber Research upgraded shares of Warner Bros. Discovery from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, June 9th. Finally, Barrington Research restated an "outperform" rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research report on Monday, June 9th.

Warner Bros. Discovery Stock Up 0.8%

Warner Bros. Discovery stock traded up $0.09 during mid-day trading on Friday, hitting $11.21. The company had a trading volume of 24,154,256 shares, compared to its average volume of 36,356,643. Warner Bros. Discovery has a 1 year low of $6.64 and a 1 year 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 business has a fifty day moving average of $9.79 and a 200 day moving average of $9.93.

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

Institutional Investors Weigh In On Warner Bros. Discovery

Several institutional investors have recently made changes to their positions in WBD. Colonial Trust Advisors boosted its position in shares of Warner Bros. Discovery by 71.8% during the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after purchasing an additional 996 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Warner Bros. Discovery during the 1st quarter worth $26,000. SRS Capital Advisors Inc. boosted its position in shares of Warner Bros. Discovery by 313.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after purchasing an additional 1,940 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Warner Bros. Discovery during the 1st quarter worth $27,000. Finally, Graney & King LLC purchased a new stake in shares of Warner Bros. Discovery during the 4th quarter worth $28,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

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.