Warner Bros. Discovery, Inc. (NASDAQ:WBD) receives a consensus recommendation of “Hold” from brokerages

The shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Free Report ) has received a consensus recommendation of “Hold” from the twenty-two brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $10.98.

Several equities analysts have weighed in on WBD shares. Benchmark lowered its price target on Warner Bros. Discovery from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Barrington Research reissued an “outperform” rating and issued a $12.00 target price on shares of Warner Bros. Discovery in a report on Tuesday, July 23rd. Evercore ISI lowered its price target on Warner Bros. stock. Discovery from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research note on Thursday, August 8th. Finally, Barclays cut its price target on Warner Bros. stock. Discovery from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th.

View the latest stock analysis on WBD

Institutional investors weigh in on Warner Bros. Discovery

Institutional investors have recently added to or reduced their holdings in the stock. Norges Bank acquired a new position in Warner Bros. Discovery in the fourth quarter worth $198,916,000. Sessa Capital IM LP raised its stake in Warner Bros. Discovery by 28.8% in the 2nd quarter. Sessa Capital IM LP now owns 22,784,883 shares of the company’s stock worth $169,520,000 after purchasing an additional 5,100,000 shares in the last quarter. Retirement Systems of Alabama increased its position 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 valued at $32,115,000 after purchasing an additional 3,826,715 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Warner Bros. Discovery by 17.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 25,534,218 shares of the company’s stock valued at $290,579,000 after buying an additional 3,710,343 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Warner Bros. Discovery by 1,216.7% in the second quarter. Mackenzie Financial Corp now owns 3,009,558 shares of the company’s stock worth $22,391,000 after purchasing an additional 2,780,986 shares in the last quarter. Institutional investors own 59.95% of the company’s shares.

The stock of Warner Bros. Discovery down 2.7%

WBD opened at $7.22 on Friday. The stock has a market cap of $17.69 billion, a price-to-earnings ratio of -5.82 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.76, and a current ratio of 0.76. The company’s fifty day moving average is $7.72 and its 200 day moving average is $8.03. Warner Bros. Discovery has a fifty-two week low of $6.64 and a fifty-two week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($4.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($3.89). Warner Bros. Discovery had a negative return on equity of 27.28% and a negative net margin of 29.47%. The business had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $10.07 billion. During the same period in the previous year, the firm posted ($0.51) earnings per share. The company’s revenue for the quarter was down 6.2% year-over-year. On average, sell-side analysts forecast that Warner Bros. Discovery will post -3.65 earnings per share for the current fiscal year.

About Warner Bros. Discovery

(Get a free report

Warner Bros. Discovery, Inc operates as a global media and entertainment company. It operates through three segments: Studios, Network and DTC. The Studios segment produces and releases feature films for initial theatrical release; produces and licenses television programming for its and third-party networks and direct-to-consumer services; distribute films and television programs to various third parties and domestic television stations; and provides streaming and distribution services through the home entertainment market, themed experience licensing and interactive games.

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