Sinclair, Inc. (NASDAQ:SBGI) Receives $20.10 Consensus Target Price from Analysts

Shares of Sinclair, Inc. (NASDAQ:SBGI - Get Free Report) have received an average recommendation of "Hold" from the five brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $20.10.

A number of research firms have recently commented on SBGI. JPMorgan Chase & Co. raised their price target on Sinclair from $14.00 to $16.00 and gave the stock an "underweight" rating in a report on Tuesday, November 12th. Benchmark reaffirmed a "buy" rating and set a $30.00 price target on shares of Sinclair in a research note on Tuesday, January 28th. Guggenheim lifted their price objective on Sinclair from $18.00 to $19.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company upgraded Sinclair from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $13.00 to $19.00 in a report on Thursday, November 7th.

Institutional Trading of Sinclair

Several institutional investors have recently added to or reduced their stakes in SBGI. Segall Bryant & Hamill LLC acquired a new stake in Sinclair in the third quarter valued at approximately $1,605,000. Verition Fund Management LLC purchased a new stake in Sinclair in the third quarter valued at $822,000. Barclays PLC raised its position in shares of Sinclair by 378.1% in the third quarter. Barclays PLC now owns 54,229 shares of the company's stock worth $831,000 after acquiring an additional 42,887 shares during the period. Geode Capital Management LLC raised its position in shares of Sinclair by 1.9% in the third quarter. Geode Capital Management LLC now owns 826,949 shares of the company's stock worth $12,655,000 after acquiring an additional 15,263 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Sinclair during the 3rd quarter worth about $2,110,000. Institutional investors own 41.71% of the company's stock.

Sinclair Stock Down 3.4 %

NASDAQ:SBGI traded down $0.51 on Friday, hitting $14.41. The stock had a trading volume of 361,203 shares, compared to its average volume of 215,657. The business's fifty day moving average is $16.23 and its 200 day moving average is $15.54. The company has a market cap of $957.13 million, a PE ratio of -4.37 and a beta of 1.55. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 11.73. Sinclair has a 52 week low of $11.13 and a 52 week high of $18.45.

Sinclair (NASDAQ:SBGI - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.54. Sinclair had a positive return on equity of 63.89% and a negative net margin of 6.14%. The company had revenue of $917.00 million during the quarter, compared to the consensus estimate of $923.02 million. During the same period last year, the business posted ($0.30) earnings per share. Sinclair's revenue was up 19.6% on a year-over-year basis. On average, equities research analysts expect that Sinclair will post 4.24 EPS for the current fiscal year.

Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date of this dividend was Monday, December 2nd. Sinclair's payout ratio is -30.30%.

Sinclair Company Profile

Sinclair, Inc, a media company, provides content on local television stations and digital platforms in the United States. It operates through two segments, Local Media and Tennis. The Local Media segment operates broadcast television stations, original networks, and content; provides free-over-the-air programming and live local sporting events on its stations; distributes its content to multi-channel video programming distributors in exchange for contractual fees; and produces local and original news programs.