Jefferies Believes Time Warner Inc (NYSE: TWX) Still Has Room to Grow

By Jason Carr

In a report released today, John Janedis from Jefferies reiterated a Buy rating on Time Warner Inc (NYSE: TWX), with a price target of $105. The company’s shares opened today at $99.70, close to its 52-week high of $100.60.

According to TipRanks.com, Janedis is a 5-star analyst with an average return of 8.1% and a 64.2% success rate. Janedis covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Live Nation Entertainment, and Madison Square Garden Co.

Time Warner Inc has an analyst consensus of Moderate Buy, with a price target consensus of $106.83.

Based on Time Warner Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $7.74 billion and quarterly net profit of $1.42 billion. In comparison, last year the company earned revenue of $7.31 billion and had a net profit of $1.21 billion.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TWX in relation to earlier this year. Most recently, in April 2017, Mathias Dopfner, a Director at TWX bought 4,019 shares for a total of $172,817.

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.

Time Warner, Inc. is a media and entertainment company, which engages in the provision of cable network, filmed entertainment, and publishing services. It operates through the following segments: Turner, Home Box Office, and Warner Bros. The Turner segment consisting of cable networks and digital media properties.