Warner Bros. Discovery (NASDAQ:WBD) Given New $12.00 Price Target at Raymond James

Warner Bros. Discovery (NASDAQ:WBD - Free Report) had its price target lifted by Raymond James from $11.00 to $12.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

WBD has been the topic of several other reports. Moffett Nathanson cut their target price on shares of Warner Bros. Discovery from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. reduced their target price on Warner Bros. Discovery from $10.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their target price on Warner Bros. Discovery from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Rosenblatt Securities reiterated a "neutral" rating and set a $9.00 price objective on shares of Warner Bros. Discovery in a report on Friday, September 13th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Warner Bros. Discovery in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $10.55.

Warner Bros. Discovery Trading Down 2.0 %

Shares of Warner Bros. Discovery stock traded down $0.19 during trading on Friday, reaching $9.18. 52,662,189 shares of the company were exchanged, compared to its average volume of 29,177,990. The business has a 50-day moving average price of $7.90 and a 200-day moving average price of $7.84. The firm has a market capitalization of $22.51 billion, a price-to-earnings ratio of -1.91 and a beta of 1.48. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.06. Warner Bros. Discovery has a twelve month low of $6.64 and a twelve month high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. Warner Bros. Discovery had a negative return on equity of 27.28% and a negative net margin of 29.47%. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. During the same period in the previous year, the company earned ($0.17) EPS. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. Sell-side analysts anticipate that Warner Bros. Discovery will post -4.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Texas Permanent School Fund Corp raised its position in shares of Warner Bros. Discovery by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 458,382 shares of the company's stock valued at $4,002,000 after purchasing an additional 5,830 shares during the period. Empirical Finance LLC increased its position in shares of Warner Bros. Discovery by 3.5% in the first quarter. Empirical Finance LLC now owns 79,751 shares of the company's stock worth $696,000 after purchasing an additional 2,713 shares during the period. Quantbot Technologies LP acquired a new position in Warner Bros. Discovery in the first quarter valued at about $457,000. Empowered Funds LLC increased its holdings in Warner Bros. Discovery by 124.5% in the 1st quarter. Empowered Funds LLC now owns 52,891 shares of the company's stock valued at $462,000 after buying an additional 29,330 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Warner Bros. Discovery by 1.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 380,578 shares of the company's stock worth $3,322,000 after acquiring an additional 3,818 shares during the period. 59.95% of the stock is owned by institutional investors and hedge funds.

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.