Warner Bros. Discovery (NASDAQ:WBD) Price Target Raised to $10.00 at Barclays

Warner Bros. Discovery (NASDAQ:WBD - Free Report) had its price objective lifted by Barclays from $8.00 to $10.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research firms have also weighed in on WBD. The Goldman Sachs Group boosted their target price on shares of Warner Bros. Discovery from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Monday, October 7th. Wells Fargo & Company cut their price target on Warner Bros. Discovery from $9.00 to $7.00 and set an "equal weight" rating for the company in a report on Thursday, August 8th. Sanford C. Bernstein downgraded shares of Warner Bros. Discovery from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $10.00 to $8.00 in a research note on Tuesday, August 13th. Rosenblatt Securities reissued a "neutral" rating and issued a $9.00 price target on shares of Warner Bros. Discovery in a report on Friday, September 13th. Finally, Macquarie dropped their price objective on shares of Warner Bros. Discovery from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.55.

Warner Bros. Discovery Stock Performance

Shares of WBD stock traded down $0.19 on Friday, hitting $9.18. 52,663,437 shares of the stock traded hands, compared to its average volume of 24,571,940. The company has a market capitalization of $22.51 billion, a PE ratio of -1.91 and a beta of 1.48. The company's fifty day moving average is $7.90 and its 200 day moving average is $7.83. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.76 and a quick ratio of 0.76. Warner Bros. Discovery has a 1-year low of $6.64 and a 1-year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. Warner Bros. Discovery's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.17) EPS. On average, equities research analysts predict that Warner Bros. Discovery will post -4.55 earnings per share for the current fiscal year.

Institutional Trading of Warner Bros. Discovery

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sessa Capital IM L.P. raised its stake in Warner Bros. Discovery by 28.8% during the second quarter. Sessa Capital IM L.P. now owns 22,784,883 shares of the company's stock worth $169,520,000 after acquiring an additional 5,100,000 shares in the last quarter. Retirement Systems of Alabama grew its holdings in Warner Bros. Discovery by 781.3% during the 2nd quarter. Retirement Systems of Alabama now owns 4,316,498 shares of the company's stock worth $32,115,000 after acquiring an additional 3,826,715 shares during the last quarter. Mackenzie Financial Corp increased its position in Warner Bros. Discovery by 1,216.7% in the 2nd quarter. Mackenzie Financial Corp now owns 3,009,558 shares of the company's stock valued at $22,391,000 after acquiring an additional 2,780,986 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in shares of Warner Bros. Discovery by 14.6% during the first quarter. EdgePoint Investment Group Inc. now owns 20,620,335 shares of the company's stock worth $180,016,000 after purchasing an additional 2,621,582 shares during the period. Finally, Drexel Morgan & Co. grew its stake in shares of Warner Bros. Discovery by 43.5% in the third quarter. Drexel Morgan & Co. now owns 6,600,463 shares of the company's stock worth $54,454,000 after purchasing an additional 2,000,000 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.

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.