Shares of Discovery Inc (NASDAQ:DISCA) have earned a consensus recommendation of “Hold” from the twenty-five brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $24.89.
Several brokerages have issued reports on DISCA. BidaskClub raised shares of Discovery from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Pivotal Research reissued a “hold” rating and set a $26.00 target price on shares of Discovery in a research note on Tuesday, February 27th. Zacks Investment Research raised shares of Discovery from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. ValuEngine downgraded shares of Discovery from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Barrington Research reissued a “buy” rating and set a $30.00 target price on shares of Discovery in a research note on Tuesday, February 27th.
In other news, insider Adria Alpert-Romm sold 16,238 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $22.61, for a total transaction of $367,141.18. Following the transaction, the insider now directly owns 33,463 shares in the company, valued at approximately $756,598.43. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David Leavy sold 20,673 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $23.41, for a total transaction of $483,954.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,482 shares of company stock worth $913,006. 6.81% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of DISCA. Icon Wealth Partners LLC bought a new stake in Discovery in the fourth quarter worth $106,000. Delpha Capital Management LLC bought a new stake in Discovery during the fourth quarter valued at about $149,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Discovery during the fourth quarter valued at about $167,000. Flossbach Von Storch AG bought a new stake in Discovery during the third quarter valued at about $208,000. Finally, Laurel Wealth Advisors Inc. bought a new stake in Discovery during the fourth quarter valued at about $234,000. Hedge funds and other institutional investors own 48.76% of the company’s stock.
DISCA stock traded down $0.05 during midday trading on Friday, hitting $21.47. The company’s stock had a trading volume of 1,878,578 shares, compared to its average volume of 5,632,778. The company has a market capitalization of $8,463.06, a PE ratio of -35.87, a P/E/G ratio of 0.97 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 current ratio of 5.34 and a quick ratio of 5.34.
Discovery (NASDAQ:DISCA) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.08. Discovery had a positive return on equity of 21.68% and a negative net margin of 4.90%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the company earned $0.56 earnings per share. The firm’s revenue was up 11.5% on a year-over-year basis. sell-side analysts predict that Discovery will post 2.59 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “Discovery Inc (DISCA) Given Average Rating of “Hold” by Analysts” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://ledgergazette.com/2018/03/23/discovery-inc-disca-given-average-rating-of-hold-by-analysts.html.
Discovery Company Profile
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.
Receive News & Ratings for Discovery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery and related companies with MarketBeat.com's FREE daily email newsletter.