Shares of Endeavor Group Holdings, Inc. (NYSE:EDR – Get Rating) have received an average rating of “Buy” from the fifteen research firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is 36.23.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Endeavor Group from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Thursday, March 3rd. Piper Sandler raised their price objective on Endeavor Group from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, March 17th. StockNews.com upgraded Endeavor Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Morgan Stanley reduced their price objective on Endeavor Group from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, March 30th. Finally, Credit Suisse Group raised their price objective on Endeavor Group from $37.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, March 14th.
Several institutional investors have recently bought and sold shares of EDR. Bank of America Corp DE bought a new position in shares of Endeavor Group during the 2nd quarter worth approximately $395,000. Wells Fargo & Company MN acquired a new stake in Endeavor Group during the 2nd quarter valued at $296,000. Morgan Stanley acquired a new stake in Endeavor Group during the 2nd quarter valued at $3,091,000. Compagnie Lombard Odier SCmA acquired a new stake in Endeavor Group during the 3rd quarter valued at $287,000. Finally, Mastrapasqua Asset Management Inc. acquired a new stake in Endeavor Group during the 3rd quarter valued at $1,500,000. Institutional investors and hedge funds own 33.82% of the company’s stock.
Endeavor Group (NYSE:EDR – Get Rating) last announced its earnings results on Wednesday, March 16th. The company reported 0.34 earnings per share for the quarter, beating the consensus estimate of 0.17 by 0.17. Endeavor Group had a positive return on equity of 9.36% and a negative net margin of 6.33%. The firm had revenue of 1.51 billion during the quarter, compared to the consensus estimate of 1.36 billion. Research analysts forecast that Endeavor Group will post 1.58 EPS for the current fiscal year.
Endeavor Group Company Profile (Get Rating)
Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, Experiences & Rights, and Representation. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings, that license broadcast and other intellectual property rights and operate exclusive live events.
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