Barrington Sticks to Its Buy Rating for Discovery (DISCA)

By Austin Angelo

Barrington analyst James Goss reiterated a Buy rating on Discovery (DISCAResearch Report) today and set a price target of $28.00. The company’s shares closed last Friday at $20.75.

According to TipRanks.com, Goss has 0 stars on 0-5 stars ranking scale with an average return of -3.7% and a 44.5% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Entertainment, Clear Channel Outdoor, and Nexstar Media Group.

Currently, the analyst consensus on Discovery is a Moderate Buy with an average price target of $27.13.

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The company has a one-year high of $33.66 and a one-year low of $17.12. Currently, Discovery has an average volume of 4.9M.

Based on the recent corporate insider activity of 51 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.

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.