Discovery Coverage Initiated by Analysts at Sterne Agee (DISCA)

Equities researchers at Sterne Agee began coverage on shares of Discovery (NASDAQ: DISCA) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $87.00 price target on the stock. Sterne Agee’s price objective would suggest a potential upside of 18.25% from the stock’s previous close.

The analysts wrote, “We think DISCA offers the highest quality earnings mix in our group and the recent pullback created an opportunity; we are initiating coverage with a Buy rating. Our price target of $87 suggests 18% upside.”

Discovery (NASDAQ: DISCA) traded up 0.83% on Wednesday, hitting $74.18. Discovery has a 1-year low of $48.00 and a 1-year high of $81.43. The stock’s 50-day moving average is currently $78.38. The company has a market cap of $26.927 billion and a price-to-earnings ratio of 28.90.

Discovery (NASDAQ: DISCA) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.63 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.02. The company had revenue of $1.16 million for the quarter, compared to the consensus estimate of $1.15 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Discovery will post $3.35 earnings per share for the current fiscal year.

DISCA has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Discovery in a research note to investors on Monday, June 3rd. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Discovery in a research note to investors on Friday, May 24th. They now have a $90.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Discovery from $87.00 to $90.00 in a research note to investors on Monday, May 13th. They now have an “outperform” rating on the stock.

Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $76.53.

Discovery Communications, Inc. (NASDAQ: DISCA) is a global nonfiction media and entertainment company that provide programming across multiple distribution platforms worldwide.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.