Citigroup Lowers Endeavor Group (NYSE:EDR) Price Target to $25.00

Endeavor Group (NYSE:EDRGet Rating) had its price target cut by Citigroup from $34.00 to $25.00 in a research report issued to clients and investors on Wednesday, The Fly reports.

EDR has been the subject of a number of other reports. Morgan Stanley lowered 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. Piper Sandler upped their price target on Endeavor Group from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, March 17th. StockNews.com raised Endeavor Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 12th. Zacks Investment Research raised Endeavor Group from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Thursday, March 3rd. Finally, Credit Suisse Group upped their price target on Endeavor Group from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, March 14th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Endeavor Group currently has a consensus rating of “Buy” and an average price target of 35.29.

NYSE EDR traded down 1.16 during trading on Wednesday, hitting 21.83. The stock had a trading volume of 3,323,579 shares, compared to its average volume of 1,144,461. Endeavor Group has a twelve month low of 20.92 and a twelve month high of 35.28. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a 50 day moving average price of 27.63 and a 200 day moving average price of 29.12.

Endeavor Group (NYSE:EDRGet Rating) last announced its quarterly earnings data on Wednesday, March 16th. The company reported 0.34 EPS for the quarter, topping the Zacks’ 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 business had revenue of 1.51 billion during the quarter, compared to the consensus estimate of 1.36 billion. As a group, analysts anticipate that Endeavor Group will post 1.58 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Stonnington Group LLC grew its holdings in Endeavor Group by 766.7% during the fourth quarter. Stonnington Group LLC now owns 91,000 shares of the company’s stock worth $2,947,000 after acquiring an additional 80,500 shares during the period. Capital World Investors grew its holdings in Endeavor Group by 13.4% in the third quarter. Capital World Investors now owns 9,504,365 shares of the company’s stock valued at $272,490,000 after purchasing an additional 1,122,486 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in Endeavor Group in the fourth quarter valued at $4,012,000. PNC Financial Services Group Inc. grew its holdings in Endeavor Group by 14.8% in the third quarter. PNC Financial Services Group Inc. now owns 5,666 shares of the company’s stock valued at $163,000 after purchasing an additional 730 shares during the last quarter. Finally, ARK Investment Management LLC acquired a new stake in Endeavor Group in the fourth quarter valued at $15,453,000. 52.95% of the stock is currently owned by hedge funds and other institutional investors.

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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