Discovery Communications Inc. (NASDAQ:DISCA) had its price objective decreased by stock analysts at Nomura from $31.00 to $30.00 in a research note issued to investors on Monday, StockTargetPrices.com reports. The firm presently has a “neutral” rating on the stock. Nomura’s price target suggests a potential upside of 9.49% from the company’s current price.
DISCA has been the topic of several other reports. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Discovery Communications in a research note on Saturday, July 9th. Zacks Investment Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Wednesday, July 27th. Jefferies Group reaffirmed a “hold” rating on shares of Discovery Communications in a research note on Thursday, August 11th. MKM Partners reduced their price objective on Discovery Communications from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, July 18th. Finally, Macquarie raised Discovery Communications from an “underperform” rating to a “neutral” rating and reduced their price objective for the company from $28.76 to $27.00 in a research note on Wednesday, August 3rd. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.15.
Discovery Communications (NASDAQ:DISCA) opened at 27.40 on Monday. The company has a 50-day moving average price of $25.78 and a 200-day moving average price of $26.61. The firm has a market capitalization of $11.46 billion, a P/E ratio of 14.90 and a beta of 1.59. Discovery Communications has a one year low of $23.66 and a one year high of $31.80.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Discovery Communications had a return on equity of 23.45% and a net margin of 18.06%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company earned $0.49 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts anticipate that Discovery Communications will post $1.97 EPS for the current year.
Large investors have recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Discovery Communications by 50.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 15,522,485 shares of the company’s stock worth $391,632,000 after buying an additional 5,175,467 shares during the period. Alliancebernstein L.P. increased its stake in shares of Discovery Communications by 585.7% in the second quarter. Alliancebernstein L.P. now owns 1,859,875 shares of the company’s stock worth $46,925,000 after buying an additional 1,588,653 shares during the period. FMR LLC increased its stake in shares of Discovery Communications by 86.3% in the second quarter. FMR LLC now owns 2,369,729 shares of the company’s stock worth $59,788,000 after buying an additional 1,097,874 shares during the period. State Street Corp increased its stake in shares of Discovery Communications by 10.1% in the second quarter. State Street Corp now owns 6,623,850 shares of the company’s stock worth $167,122,000 after buying an additional 606,238 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Discovery Communications by 91.5% in the first quarter. Wellington Management Group LLP now owns 1,062,291 shares of the company’s stock worth $30,413,000 after buying an additional 507,570 shares during the period. Institutional investors and hedge funds own 40.59% of the company’s stock.
About Discovery Communications
Discovery Communications, Inc, (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.
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