Endeavor Group (NYSE:EDR) PT Lowered to $27.00 at Barclays

Endeavor Group (NYSE:EDRGet Rating) had its price objective decreased by research analysts at Barclays from $32.00 to $27.00 in a research note issued on Thursday, The Fly reports.

EDR has been the topic of several other research reports. Piper Sandler upped their price objective on shares of Endeavor Group from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, March 17th. Zacks Investment Research raised shares of Endeavor Group from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Thursday, March 3rd. Citigroup cut their price target on shares of Endeavor Group from $34.00 to $25.00 in a research note on Wednesday. Credit Suisse Group increased their price target on shares of Endeavor Group from $37.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, March 14th. Finally, Morgan Stanley cut their price target on shares of Endeavor Group from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 30th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Endeavor Group currently has an average rating of “Buy” and a consensus target price of 35.07.

Shares of EDR opened at 21.83 on Thursday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.39 and a quick ratio of 1.39. The company’s 50 day simple moving average is 27.46 and its 200 day simple moving average is 29.07. Endeavor Group has a 1 year low of 20.92 and a 1 year high of 35.28.

Endeavor Group (NYSE:EDRGet Rating) last announced its quarterly earnings data on Wednesday, March 16th. The company reported 0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of 0.17 by 0.17. The business had revenue of 1.51 billion for the quarter, compared to the consensus estimate of 1.36 billion. Endeavor Group had a negative net margin of 6.33% and a positive return on equity of 9.36%. Sell-side analysts predict that Endeavor Group will post 1.58 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Private Capital Group LLC increased its position in shares of Endeavor Group by 6,250.0% in the first quarter. Private Capital Group LLC now owns 1,524 shares of the company’s stock worth $45,000 after acquiring an additional 1,500 shares in the last quarter. SouthState Corp acquired a new stake in Endeavor Group during the 3rd quarter valued at $57,000. Marshall Wace LLP acquired a new stake in Endeavor Group during the 4th quarter valued at $79,000. Counterpoint Mutual Funds LLC acquired a new stake in Endeavor Group during the 1st quarter valued at $90,000. Finally, Citigroup Inc. grew its holdings in Endeavor Group by 180.4% during the 3rd quarter. Citigroup Inc. now owns 3,306 shares of the company’s stock valued at $95,000 after purchasing an additional 2,127 shares in the last quarter. 52.95% of the stock is owned by institutional investors.

About Endeavor Group (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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