Credit Suisse raised their price target on shares of Time Warner (NYSE: TWX) to $61.00 in a research note issued on Thursday. The firm currently has an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at B. Riley upgraded shares of Time Warner from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $65.00 price target on the stock, up previously from $48.00. Separately, analysts at B. Riley Caris upgraded shares of Time Warner from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a $65.00 price target on the stock, up previously from $48.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of Time Warner from $58.00 to $63.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.
Nineteen analysts have rated the stock with a buy rating, two have assigned an overweight rating, and nine have given a hold rating to the stock. The stock currently has an average rating of “overweight” and an average target price of $58.67.
Shares of Time Warner traded up 1.55% during mid-day trading on Thursday, hitting $56.32. Time Warner has a 52 week low of $33.62 and a 52 week high of $56.07. The stock’s 50-day moving average is currently $51.93. The company has a market cap of $52.647 billion and a P/E ratio of 17.95.
Time Warner last released its earnings data on Wednesday, February 6th. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.10 by $0.07. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. On average, analysts predict that Time Warner will post $3.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 15th. Stockholders of record on Thursday, February 28th will be paid a dividend of $0.29 per share. This represents a $1.15 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Tuesday, February 26th. This is a boost from Time Warner’s previous quarterly dividend of $0.26.
Time Warner Inc. (Time Warner) is a media and entertainment company. The Company operates in three reporting segments: Networks, Filmed Entertainment and Publishing.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
