Discovery (DISCA) Downgraded by BidaskClub to Hold

Discovery (NASDAQ:DISCA) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday, May 8th.

Several other brokerages also recently issued reports on DISCA. Pivotal Research restated a “hold” rating and issued a $26.00 price objective on shares of Discovery in a research report on Tuesday, February 27th. Zacks Investment Research upgraded shares of Discovery from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. ValuEngine cut shares of Discovery from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barrington Research reiterated a “buy” rating and set a $30.00 price target on shares of Discovery in a research report on Tuesday, February 27th. Finally, Royal Bank of Canada lifted their price target on shares of Discovery to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company. Discovery currently has an average rating of “Hold” and a consensus target price of $25.81.

Discovery traded down $0.58, reaching $22.44, during mid-day trading on Tuesday, Marketbeat Ratings reports. The company had a trading volume of 258,238 shares, compared to its average volume of 5,674,688. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.83 and a quick ratio of 1.83. Discovery has a 52 week low of $22.69 and a 52 week high of $23.10. The company has a market cap of $9.05 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 0.58 and a beta of 1.52.



Discovery (NASDAQ:DISCA) last released its quarterly earnings data on Tuesday, May 8th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. Discovery had a negative net margin of 7.40% and a positive return on equity of 19.34%. The firm’s revenue for the quarter was up 43.0% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. analysts expect that Discovery will post 2.77 earnings per share for the current fiscal year.

In related news, CFO Gunnar Wiedenfels acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, May 9th. The shares were purchased at an average cost of $21.29 per share, for a total transaction of $212,900.00. Following the completion of the acquisition, the chief financial officer now directly owns 60,000 shares in the company, valued at $1,277,400. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider David Leavy sold 20,673 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were 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. 6.73% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in DISCA. Icon Wealth Partners LLC acquired a new position in shares of Discovery in the fourth quarter valued at $106,000. Delpha Capital Management LLC acquired a new position in shares of Discovery in the fourth quarter valued at about $149,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Discovery in the fourth quarter valued at about $167,000. First Mercantile Trust Co. grew its stake in shares of Discovery by 33.5% in the first quarter. First Mercantile Trust Co. now owns 10,600 shares of the company’s stock valued at $227,000 after acquiring an additional 2,660 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. acquired a new position in shares of Discovery in the fourth quarter valued at about $234,000. Hedge funds and other institutional investors own 49.10% of the company’s stock.

About Discovery

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

Analyst Recommendations for Discovery (NASDAQ:DISCA)

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