Morgan Stanley (NYSE:MS) analyst Benjamin Swinburne maintained a Hold rating on Discovery on Tuesday, setting a price target of $34, which is approximately 24.50% above the present share price of $27.31.
Swinburne expects Discovery to post earnings per share (EPS) of $0.00 for the third quarter of 2021.
The current consensus among 1 TipRanks analysts is for a Hold rating of shares in Discovery, 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 03/31/2021, the company reported a quarterly revenue of $2.79 billion and a net profit of $411 million. The company's market cap is $13.7 billion.
According to TipRanks.com, Morgan Stanley analyst Benjamin Swinburne is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 10.6% and a 62.35% success rate.
Discovery Communications (NASDAQ:DISCA), Inc. is a global media company that provides content across multiple distribution platforms, including digital distribution arrangements, throughout the world. The company operates its business through three segments: U.S. Networks, International Networks and Education. The U.S. Networks segment wholly owns and operates nine national television networks, including fully distributed television networks such as Discovery Channel, TLC, Animal Planet, Investigation Discovery and Science. The International Networks segment consists of international television networks and websites. The Education segment consist curriculum-based product and service offerings. Discovery Communications was founded by John S. Hendricks in September 17, 2008 and is headquartered in Silver Spring, MD.