Discovery Communications (NASDAQ:DISCA) had its target price dropped by investment analysts at Imperial Capital from $32.00 to $30.00 in a report released on Monday, The Fly reports. The firm presently has an “outperform” rating on the stock. Imperial Capital’s target price indicates a potential upside of 42.18% from the stock’s current price.
Several other equities research analysts have also issued reports on the company. MKM Partners dropped their price target on Discovery Communications from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Royal Bank of Canada reissued a “buy” rating and issued a $26.00 target price on shares of Discovery Communications in a research note on Thursday, May 7th. Credit Suisse Group lowered their target price on Discovery Communications from $39.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Cfra lowered Discovery Communications from a “buy” rating to a “hold” rating and lowered their target price for the company from $28.00 to $22.00 in a research note on Wednesday, May 6th. Finally, Barrington Research reissued an “outperform” rating and issued a $28.00 target price (down previously from $34.00) on shares of Discovery Communications in a research note on Thursday, May 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. Discovery Communications presently has a consensus rating of “Hold” and a consensus target price of $27.58.
Discovery Communications stock opened at $21.10 on Monday. Discovery Communications has a 52 week low of $17.12 and a 52 week high of $33.65. The business has a 50-day simple moving average of $21.80 and a 200 day simple moving average of $25.49. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 1.39. The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 0.55 and a beta of 1.51.
Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Wednesday, May 6th. The company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.03. Discovery Communications had a return on equity of 23.40% and a net margin of 18.54%. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the business earned $0.87 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. On average, research analysts anticipate that Discovery Communications will post 2.92 earnings per share for the current year.
In other news, Director John C. Malone sold 5,229 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $21.44, for a total transaction of $112,109.76. Following the completion of the transaction, the director now owns 780,591 shares in the company, valued at $16,735,871.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.88% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Pathstone Family Office LLC grew its position in Discovery Communications by 54.0% in the first quarter. Pathstone Family Office LLC now owns 1,549 shares of the company’s stock worth $31,000 after acquiring an additional 543 shares in the last quarter. Eudaimonia Partners LLC purchased a new position in Discovery Communications in the first quarter worth about $39,000. Virtus ETF Advisers LLC purchased a new position in Discovery Communications in the fourth quarter worth about $40,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Discovery Communications in the first quarter worth about $41,000. Finally, Acadian Asset Management LLC purchased a new position in Discovery Communications in the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 36.27% of the company’s stock.
Discovery Communications Company Profile
Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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