Discovery Inc (NASDAQ:DISCA) has been given an average recommendation of “Hold” by the twenty-five analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $24.89.
A number of equities analysts have weighed in on DISCA shares. Zacks Investment Research raised shares of Discovery from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, March 15th. Barclays raised shares of Discovery from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $18.00 to $23.00 in a research note on Monday, March 12th. ValuEngine raised shares of Discovery from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. BidaskClub raised shares of Discovery from a “hold” rating to a “buy” rating in a research note on Tuesday, March 6th. Finally, Pivotal Research reaffirmed a “hold” rating and issued a $26.00 target price on shares of Discovery in a research note on Tuesday, February 27th.
DISCA stock traded up $0.37 during trading hours on Friday, reaching $22.36. 3,341,889 shares of the company’s stock were exchanged, compared to its average volume of 5,534,752. The firm has a market capitalization of $8,764.77, a price-to-earnings ratio of 11.53, a PEG ratio of 1.01 and a beta of 1.52. Discovery has a 52-week low of $15.99 and a 52-week high of $30.25. The company has a debt-to-equity ratio of 3.20, a quick ratio of 5.34 and a current ratio of 5.34.
Discovery (NASDAQ:DISCA) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.08. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.78 billion. Discovery had a negative net margin of 4.90% and a positive return on equity of 21.68%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 earnings per share. analysts expect that Discovery will post 2.59 earnings per share for the current fiscal year.
In other Discovery news, insider David Leavy sold 20,673 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $23.41, for a total value of $483,954.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Savalle Sims sold 2,571 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $24.08, for a total transaction of $61,909.68. Following the completion of the sale, the general counsel now directly owns 36,640 shares of the company’s stock, valued at approximately $882,291.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,482 shares of company stock valued at $913,006. 6.81% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the business. Icon Wealth Partners LLC bought a new stake in Discovery in the fourth quarter valued at approximately $106,000. Delpha Capital Management LLC acquired a new position in shares of Discovery in the fourth quarter valued at approximately $149,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Discovery in the fourth quarter valued at approximately $167,000. Flossbach Von Storch AG acquired a new position in shares of Discovery in the third quarter valued at approximately $208,000. Finally, Laurel Wealth Advisors Inc. acquired a new position in shares of Discovery in the fourth quarter valued at approximately $234,000. 48.76% of the stock is owned by hedge funds and other institutional investors.
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Discovery, Inc, formerly Discovery Communications, Inc, is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements.
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