Barclays Issues Positive Forecast for Warner Bros. Discovery (NASDAQ:WBD) Stock Price

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) had its price objective boosted by Barclays from $9.00 to $13.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target indicates a potential upside of 10.83% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. Guggenheim restated a "buy" rating on shares of Warner Bros. Discovery in a research report on Tuesday, June 10th. Argus upgraded shares of Warner Bros. Discovery to a "hold" rating in a research report on Tuesday, May 27th. Huber Research upgraded Warner Bros. Discovery from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 9th. Bank of America increased their target price on Warner Bros. Discovery from $14.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Finally, Morgan Stanley decreased their target price on Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Twelve analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Warner Bros. Discovery has an average rating of "Moderate Buy" and a consensus price target of $12.41.

Warner Bros. Discovery Price Performance

Shares of Warner Bros. Discovery stock traded up $0.08 on Wednesday, hitting $11.73. The company's stock had a trading volume of 70,357,511 shares, compared to its average volume of 36,975,246. The company has a market capitalization of $28.79 billion, a price-to-earnings ratio of -2.67 and a beta of 1.54. 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 firm has a fifty day moving average price of $10.07 and a 200-day moving average price of $9.97.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued 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). The business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $9.66 billion. Warner Bros. Discovery had a negative net margin of 28.16% and a negative return on equity of 30.56%. The firm's revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.40) earnings per share. As a group, sell-side analysts anticipate that Warner Bros. Discovery will post -4.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Warner Bros. Discovery

A number of hedge funds have recently modified their holdings of the business. Colonial Trust Advisors lifted its position in Warner Bros. Discovery by 71.8% in the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock valued at $25,000 after buying an additional 996 shares during the last quarter. WPG Advisers LLC purchased a new stake in shares of Warner Bros. Discovery in the 1st quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Warner Bros. Discovery in the 1st quarter worth approximately $27,000. Graney & King LLC purchased a new position in shares of Warner Bros. Discovery during the 4th quarter worth approximately $28,000. Finally, North Capital Inc. acquired a new stake in Warner Bros. Discovery in the 1st quarter valued at approximately $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.