Investors and analysts have given Endeavor Group Holdings, Inc. (NYSE:EDR) a positive outlook, with an average “Buy” rating from five ratings firms covering the company, according to Bloomberg.com. This is a promising sign for the entertainment and media company, as it suggests confidence in its potential for growth and profitability.
Five analysts have rated the stock as a buy, indicating their belief that it is a good investment opportunity. Additionally, these analysts have issued an average 12-month price objective of $32.00 for the stock. This provides further insight into the potential future value of Endeavor Group’s shares.
On September 21, 2023, EDR opened at $22.38 on the New York Stock Exchange. Over the past year, Endeavor Group has seen its share price range from a low of $18.58 to a high of $26.26. The stock currently has a market capitalization of $15.78 billion and a price-to-earnings ratio of 39.96.
Endeavor Group’s financials also reveal some key figures about its performance. It has a 50-day moving average of $23.30 and a two-hundred day moving average of $23.38, indicating some stability in its share price trend over those periods.
Furthermore, the company’s earnings report for the quarter ending on August 8th did not meet analysts’ expectations, with an EPS (earnings per share) of ($0.35), falling short of the consensus estimate by ($0.56). With a negative return on equity of 1.18% and a net margin of 3.54%, there are definitely areas where improvement can be sought.
It is worth noting that CEO Ariel Emanuel recently sold 150,000 shares of Endeavor Group stock at an average price per share of $24.08, totaling $3,612,000.00. Following this transaction, the CEO’s stake in the company remains significant, with 204,450 shares valued at $4,923,156.
Additionally, CFO Jason Lublin sold 20,848 shares of Endeavor Group stock at an average price of $24.40 per share, totaling $508,691.20. The chief financial officer now holds 49,496 shares in the company worth approximately $1,207,702.40.
These insider transactions are notable; however, it is important to remember that they do not always indicate negative sentiment toward a company’s prospects. Insiders may have various reasons for selling their shares and should not be solely relied upon for investment decisions.
Overall, the current average rating of “Buy” suggests optimism among analysts and investors regarding the future trajectory of Endeavor Group Holdings, Inc. Despite a recent earnings miss and some insider selling activity, there is still potential for growth and profitability within the entertainment and media industry.
Endeavor Group Holdings, Inc.
EDR
Buy
Updated on: 04/12/2023
Financial Health
Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Sell
Analysts Divided on Endeavor Group Stock as Uncertainty Surrounds Future Growth and Dividend Payment
In recent news, various research analysts have shared their insights on the stock of Endeavor Group. One such commentator, Deutsche Bank Aktiengesellschaft, has positively revised their target price for shares of Endeavor Group from $33.00 to $35.00 in a report published on Wednesday, August 9th. The announcement adds a sense of perplexity and bustiness to the overall analysis.
Another renowned research organization, TD Cowen, has also joined this chorus by initiating coverage on shares of Endeavor Group in a research report unveiled on Tuesday, September 12th. Notably, they have bestowed an “outperform” rating upon the company’s stock along with establishing a $28.00 price target that further contributes to the baffling nature of its evaluation.
Adding to the confusion and generating further discussion among market participants is StockNews.com’s report published on Wednesday, August 23rd, where they equally began coverage on shares of Endeavor Group with a “buy” rating assigned to it. This development adds yet another layer to the already intricate puzzle surrounding the future trajectory of this particular stock.
However, looking at contrasting perspectives within the industry helps provide a more comprehensive outlook. Morgan Stanley took a different stance by reducing their price target from $32.00 to $30.00 and maintaining an “overweight” rating for the company in a research report on Tuesday, July 18th. This unexpected adjustment invites even more speculation into what may lie ahead for Endeavor Group.
Shifting gears slightly but still important for investors to note is that the firm recently disclosed its plans regarding quarterly dividends. The payment is scheduled for Friday, September 29th and shareholders who had ownership as of Friday, September 15th will receive a dividend of $0.06 per share held by them as recorded during that period in time.
With an annualized dividend equaling approximately $0.24 per share along with a yield of 1.07%, it is essential for investors to weigh this information carefully amidst the ongoing assessment of Endeavor Group’s overall valuation and potential for future growth.
In conclusion, the diverse opinions of research analysts regarding the stock of Endeavor Group coupled with their uncertainties exemplify the enigmatic nature of the company’s current standing in the market. Furthermore, as shareholders anticipate the upcoming dividend payment, they must consider all available data to make informed decisions that align with their investment goals.
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