Time Warner’s (TWX) Buy Rating Reaffirmed at Barrington Research

Time Warner (NYSE:TWX)‘s stock had its “buy” rating reissued by investment analysts at Barrington Research in a research report issued on Tuesday.

The analysts wrote, “We are increasing our target to $370 from $285 after NFLX reported better 1Q results and provided 2Q guidance implying minimal slowdown in growth. In our view, multiple consecutive strong domestic net additions quarters are being driven by bundling and incremental marketing, likely resetting terminal penetration to high end of 60-90M guide (assumption was low-mid end previously). Internationally, bundling and faster original content ramp offers opportunity to penetrate new market cohorts faster while TAM is likely to expand from fixed-broadband subs to mobile users. Recent pricing increase demonstrated inelasticity relative to sub acquisition, giving us confidence in $19/$14 US/Int’l 2025 ARPU estimate vs. $11/$10 in 1Q18.””

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Several other research firms also recently commented on TWX. Pivotal Research downgraded Time Warner from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded Time Warner from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Loop Capital started coverage on Time Warner in a research note on Thursday, March 15th. They issued a “buy” rating and a $107.50 price objective for the company. Barclays increased their price objective on Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, UBS raised Time Warner from a “neutral” rating to a “buy” rating and increased their price objective for the company from $95.26 to $108.00 in a research note on Monday, March 12th. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $104.61.

Shares of TWX stock opened at $97.34 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.91. The company has a market cap of $75,396.05, a PE ratio of 15.16, a price-to-earnings-growth ratio of 1.50 and a beta of 0.87. Time Warner has a 1-year low of $85.88 and a 1-year high of $103.90.

Time Warner (NYSE:TWX) last announced its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.16. The business had revenue of $8.61 billion during the quarter, compared to the consensus estimate of $8.41 billion. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 EPS. sell-side analysts forecast that Time Warner will post 7.68 earnings per share for the current fiscal year.

In other news, Director Deborah C. Wright sold 4,019 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $93.61, for a total transaction of $376,218.59. Following the completion of the transaction, the director now directly owns 27,785 shares in the company, valued at approximately $2,600,953.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Slow Capital Inc. purchased a new position in shares of Time Warner during the 4th quarter worth $113,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in shares of Time Warner during the 4th quarter worth $131,000. GSA Capital Partners LLP purchased a new position in shares of Time Warner during the 3rd quarter worth $241,000. DF Dent & Co. Inc. purchased a new position in shares of Time Warner during the 4th quarter worth $229,000. Finally, K.J. Harrison & Partners Inc purchased a new position in shares of Time Warner during the 4th quarter worth $229,000. Institutional investors and hedge funds own 80.87% of the company’s stock.

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About Time Warner

Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.

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