Time Warner PT Raised to $74.00 at Nomura (TWX)
Stock analysts at Nomura lifted their target price on shares of Time Warner (NYSE:TWX) to $74.00 in a report issued on Wednesday. Nomura’s price objective points to a potential upside of 4.86% from the company’s current price.
Time Warner (NYSE:TWX) opened at 70.57 on Wednesday. Time Warner has a 52-week low of $56.2512 and a 52-week high of $71.10. The stock’s 50-day moving average is $68.03 and its 200-day moving average is $64.43. The company has a market cap of $62.250 billion and a price-to-earnings ratio of 15.47.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. The company had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts expect that Time Warner will post $4.01 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs downgraded shares of Time Warner from a “buy” rating to a “neutral” rating in a research note on Tuesday. They now have a $74.00 price target on the stock, up previously from $73.82. Separately, analysts at Jefferies Group initiated coverage on shares of Time Warner in a research note on Wednesday, June 25th. They set a “buy” rating and a $80.00 price target on the stock. Finally, analysts at ISI Group raised their price target on shares of Time Warner from $71.00 to $77.00 in a research note on Tuesday, June 10th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Time Warner presently has an average rating of “Buy” and an average target price of $74.16.
Time Warner Inc (NYSE:TWX) is a media and entertainment company.
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