Imperial Capital Cuts Discovery Communications (NASDAQ:DISCA) Price Target to $30.00

Discovery Communications (NASDAQ:DISCA) had its target price lowered by Imperial Capital from $32.00 to $30.00 in a report published on Monday morning, The Fly reports. Imperial Capital currently has an outperform rating on the stock.

DISCA has been the subject of several other research reports. Cfra downgraded Discovery Communications from a buy rating to a hold rating and cut their price target for the stock from $28.00 to $22.00 in a research note on Wednesday, May 6th. ValuEngine downgraded Discovery Communications from a sell rating to a strong sell rating in a research note on Monday, May 4th. Citigroup cut their price target on Discovery Communications from $39.00 to $27.00 and set a buy rating for the company in a research note on Friday, April 17th. Credit Suisse Group cut their price target on Discovery Communications from $39.00 to $33.00 and set an outperform rating for the company in a research note on Monday, March 30th. Finally, UBS Group cut their price target on Discovery Communications from $30.00 to $24.00 and set a neutral rating for the company in a research note on Monday, April 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $27.58.

Shares of NASDAQ DISCA opened at $20.79 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a fifty day moving average price of $21.84 and a 200 day moving average price of $25.38. Discovery Communications has a 1-year low of $17.12 and a 1-year high of $33.65. The company has a market cap of $10.97 billion, a PE ratio of 5.69, a P/E/G ratio of 0.58 and a beta of 1.51.

Discovery Communications (NASDAQ:DISCA) last released its earnings results on Wednesday, May 6th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. Discovery Communications had a return on equity of 23.40% and a net margin of 18.54%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the company earned $0.87 earnings per share. Discovery Communications’s quarterly revenue was down .9% compared to the same quarter last year. Analysts anticipate that Discovery Communications will post 2.9 earnings per share for the current fiscal year.

In other Discovery Communications news, Director John C. Malone sold 5,229 shares of Discovery Communications stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $21.44, for a total value of $112,109.76. Following the completion of the sale, the director now owns 780,591 shares in the company, valued at approximately $16,735,871.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.88% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Pathstone Family Office LLC grew its holdings in shares of Discovery Communications by 54.0% during the 1st quarter. Pathstone Family Office LLC now owns 1,549 shares of the company’s stock worth $31,000 after purchasing an additional 543 shares during the period. Eudaimonia Partners LLC purchased a new stake in shares of Discovery Communications during the 1st quarter worth about $39,000. Virtus ETF Advisers LLC purchased a new stake in shares of Discovery Communications during the 4th quarter worth about $40,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Discovery Communications during the 1st quarter worth about $41,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Discovery Communications during the 4th quarter worth about $50,000. Institutional investors and hedge funds own 36.27% of the company’s stock.

About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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