Warner Bros. Discovery, Inc. (NASDAQ:WBD) Given Consensus Rating of “Moderate Buy” by Analysts

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has been given a consensus recommendation of “Moderate Buy” by the eighteen ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $13.83.

Several equities analysts have recently commented on WBD shares. Wolfe Research downgraded Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 target price on the stock. in a research report on Tuesday, April 23rd. Macquarie reduced their price target on Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, January 22nd. Rosenblatt Securities raised Warner Bros. Discovery from a “sell” rating to a “neutral” rating and raised their target price for the company from $7.00 to $10.00 in a report on Thursday, March 21st. Benchmark reissued a “buy” rating and set a $20.00 target price on shares of Warner Bros. Discovery in a research note on Monday, March 4th. Finally, Barclays dropped their target price on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday, February 29th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WBD. Invesco Ltd. raised its position in shares of Warner Bros. Discovery by 16.6% during the 3rd quarter. Invesco Ltd. now owns 28,184,613 shares of the company’s stock valued at $306,085,000 after buying an additional 4,016,888 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Warner Bros. Discovery by 17.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 25,534,218 shares of the company’s stock worth $290,579,000 after acquiring an additional 3,710,343 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Warner Bros. Discovery by 12.1% during the third quarter. The Manufacturers Life Insurance Company now owns 21,823,875 shares of the company’s stock worth $237,007,000 after acquiring an additional 2,356,665 shares in the last quarter. Northern Trust Corp raised its holdings in Warner Bros. Discovery by 2.6% in the third quarter. Northern Trust Corp now owns 20,873,998 shares of the company’s stock worth $226,692,000 after buying an additional 524,965 shares during the last quarter. Finally, Norges Bank purchased a new position in Warner Bros. Discovery in the fourth quarter worth about $198,916,000. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Stock Performance

WBD stock opened at $7.97 on Monday. The business’s 50-day moving average price is $8.45 and its two-hundred day moving average price is $9.87. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. The firm has a market cap of $19.44 billion, a PE ratio of -6.23 and a beta of 1.51. Warner Bros. Discovery has a 1-year low of $7.34 and a 1-year high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.34 billion. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. As a group, research analysts forecast that Warner Bros. Discovery will post -0.35 earnings per share for the current year.

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.