Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating restated by Loop Capital in a research note issued on Friday. They presently have a $103.00 price objective on the media conglomerate’s stock, up from their previous price objective of $102.00. Loop Capital’s price objective would suggest a potential upside of 16.10% from the company’s previous close.
TWX has been the topic of a number of other reports. Cowen and Company reissued a “hold” rating and issued a $107.50 target price on shares of Time Warner in a research note on Thursday, October 12th. Credit Suisse Group lowered shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 target price on the stock. in a research note on Monday, September 18th. Jefferies Group LLC lowered shares of Time Warner from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research note on Thursday, August 3rd. B. Riley reissued a “neutral” rating and issued a $101.00 target price (down from $105.00) on shares of Time Warner in a research note on Friday, November 3rd. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $99.00 target price on shares of Time Warner in a research note on Friday, November 10th. Twenty-two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $103.73.
Shares of Time Warner (TWX) traded up $0.71 during trading on Friday, reaching $88.72. 8,317,526 shares of the company were exchanged, compared to its average volume of 14,415,387. The stock has a market cap of $69,076.77, a price-to-earnings ratio of 14.64, a PEG ratio of 1.40 and a beta of 0.98. Time Warner has a 1 year low of $85.88 and a 1 year high of $103.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26.
Time Warner (NYSE:TWX) last released its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The business had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. During the same period last year, the company posted $1.83 EPS. The business’s revenue was up 6.0% on a year-over-year basis. equities analysts anticipate that Time Warner will post 6.2 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Jacobi Capital Management LLC boosted its position in Time Warner by 2.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after buying an additional 20 shares during the period. Bank of Nova Scotia Trust Co. purchased a new position in Time Warner in the 3rd quarter valued at approximately $102,000. Bellwether Investment Group LLC boosted its position in Time Warner by 15.6% in the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after buying an additional 146 shares during the period. Americafirst Capital Management LLC purchased a new position in Time Warner in the 3rd quarter valued at approximately $106,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in Time Warner by 4.0% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock valued at $116,000 after buying an additional 44 shares during the period. 78.46% of the stock is owned by institutional investors.
Time Warner Company Profile
Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.
Receive News & Ratings for Time Warner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner Inc. and related companies with MarketBeat.com's FREE daily email newsletter.