Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives $12.17 Consensus Price Target from Analysts

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-two ratings firms that are covering the company, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $12.17.

A number of equities research analysts have weighed in on WBD shares. Wells Fargo & Company lifted their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Rosenblatt Securities restated a "neutral" rating and issued a $13.00 price target on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Barrington Research reiterated an "outperform" rating and issued a $16.00 price objective on shares of Warner Bros. Discovery in a research report on Monday. KeyCorp reduced their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Citigroup lowered their price target on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD traded up $0.48 during midday trading on Tuesday, reaching $10.01. The stock had a trading volume of 71,389,070 shares, compared to its average volume of 34,367,693. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market cap of $24.57 billion, a P/E ratio of -2.19, a P/E/G ratio of 8.64 and a beta of 1.51. The firm has a fifty day simple moving average of $8.84 and a two-hundred day simple moving average of $9.94. Warner Bros. Discovery has a 12-month low of $6.64 and a 12-month high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $9.66 billion. During the same period in the previous year, the firm earned ($0.40) EPS. The firm's revenue was down 9.8% on a year-over-year basis. On average, equities analysts expect that Warner Bros. Discovery will post -4.33 EPS for the current year.

Institutional Investors Weigh In On Warner Bros. Discovery

Institutional investors and hedge funds have recently bought and sold shares of the stock. Colonial Trust Advisors lifted its holdings in Warner Bros. Discovery by 71.8% in the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock valued at $25,000 after purchasing an additional 996 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at $26,000. WPG Advisers LLC acquired a new position in Warner Bros. Discovery in the first quarter valued at $26,000. SRS Capital Advisors Inc. lifted its position in Warner Bros. Discovery by 313.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after buying an additional 1,940 shares during the period. Finally, Financial Gravity Asset Management Inc. acquired a new stake in Warner Bros. Discovery in the 1st quarter worth about $27,000. 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.