In a report released today, James Goss from Barrington reiterated a Buy rating on Discovery (DISCA), with a price target of $57.00. The company’s shares closed last Wednesday at $37.20.
According to TipRanks.com, Goss is a 3-star analyst with an average return of 5.1% and a 46.5% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Entertainment Class A, Clear Channel Outdoor, and Nexstar Media Group.
The word on The Street in general, suggests a Hold analyst consensus rating for Discovery with a $51.38 average price target.
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The company has a one-year high of $78.14 and a one-year low of $18.56. Currently, Discovery has an average volume of 15.09M.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DISCA in relation to earlier this year. Last month, Jean-Briac Perrette, the Pres.&CEO, Discovery Int’l of DISCA sold 199,017 shares for a total of $15,147,753.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Discovery, Inc. is a media company, which engages in the provision of content across distribution platforms and digital distribution arrangements. It operates through the following segments: U.S. Networks, International Networks, Education and Other, and Corporate and Inter-segment Eliminations. The U.S. Networks segment owns and operates national television networks such as Discovery Channel, Animal Planet, and Investigation Discovery and Science. The International Networks segment consists of international television networks and websites. The Education and Other segment offers curriculum-based product and service offerings. The Corporate and Inter-segment Eliminations segment represents unallocated corporate amounts. The company was founded by John S. Hendricks in September 1982 and is headquartered in Silver Spring, MD.