Benchmark Co. analyst Daniel Kurnos maintained a Buy rating on Sinclair Broadcast (SBGI) today and set a price target of $45. The company’s shares closed yesterday at $34.83, close to its 52-week high of $35.21.
According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 11.3% and a 54.9% success rate. Kurnos covers the Services sector, focusing on stocks such as Nexstar Media Group Inc, Booking Holdings Inc, and 1-800 Flowers.com.
Sinclair Broadcast has an analyst consensus of Moderate Buy, with a price target consensus of $38.50.
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Based on Sinclair Broadcast’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $206 million. In comparison, last year the company had a net profit of $444 million.
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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.
