Deutsche Bank (DE:DBKGn) analyst Bryan Kraft reiterated a Hold rating on Sinclair Broadcast (NASDAQ:SBGI) on Wednesday, setting a price target of $34, which is approximately 17.08% above the present share price of $29.04.
Kraft expects Sinclair Broadcast to post earnings per share (EPS) of -$4.41 for the third quarter of 2021.
The current consensus among 1 TipRanks analysts is for a Hold rating of shares in Sinclair Broadcast, with an average price target of $34.
The analysts price targets range from a high of $34 to a low of $34.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.61 billion and a net profit of -$186 million. The company's market cap is $2.19 billion.
According to TipRanks.com, Deutsche Bank analyst Bryan Kraft is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.2% and a 67.19% success rate.
Sinclair Broadcast Group, Inc. is a television broadcasting company, which engages in the provision of content on local television stations and digital and other platforms. It operates through Broadcast segment. The Broadcast segment provides free over-the-air programming to television viewing audiences in the communities through local television stations. Its primary channels consists of network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and internally originated programming. The company was founded by Julian Sinclair Smith in 1986 and is headquartered in Hunt Valley, MD.