Warner Bros. Discovery (NASDAQ:WBD) Given Buy Rating at Guggenheim

Guggenheim restated their buy rating on shares of Warner Bros. Discovery (NASDAQ:WBD) in a research note published on Tuesday morning,Benzinga reports.

WBD has been the subject of a number of other research reports. Wells Fargo & Company lifted their target price on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a report on Tuesday. Morgan Stanley dropped their target price on Warner Bros. Discovery from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Tuesday, May 6th. Raymond James dropped their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, April 4th. Finally, Barrington Research restated an “outperform” rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a report on Monday. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.17.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $10.01 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. Warner Bros. Discovery has a 1 year low of $6.64 and a 1 year high of $12.70. The stock’s 50 day simple moving average is $8.86 and its two-hundred day simple moving average is $9.94. The company has a market cap of $24.57 billion, a price-to-earnings ratio of -2.19, a PEG ratio of 8.64 and a beta of 1.51.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). The company had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $9.66 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. Warner Bros. Discovery’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.40) EPS. As a group, equities analysts anticipate that Warner Bros. Discovery will post -4.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Strs Ohio bought a new position in shares of Warner Bros. Discovery in the 1st quarter worth $13,670,000. Geneos Wealth Management Inc. raised its position in shares of Warner Bros. Discovery by 23.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 14,090 shares of the company’s stock worth $151,000 after acquiring an additional 2,721 shares in the last quarter. Focus Partners Wealth raised its position in shares of Warner Bros. Discovery by 91.6% in the 1st quarter. Focus Partners Wealth now owns 116,821 shares of the company’s stock worth $1,254,000 after acquiring an additional 55,837 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of Warner Bros. Discovery in the 1st quarter worth $125,000. Finally, SCS Capital Management LLC bought a new position in shares of Warner Bros. Discovery in the 1st quarter worth $124,000. 59.95% of the stock is owned by institutional investors.

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.