WWE Stock Receives “Buy” As The Average Recommendation By Analysts

Ric Flair
Ric Flair

World Wrestling Entertainment (NYSE: WWE) received “buy” as the consensus rating by the 17 rating firms currently covering the stock. One analyst has issued a rating of “sell” on the company’s stocks, five analysts have issued a rating of “hold” on the company’s stocks and eight analysts have issued a rating of “buy” on the company’s stocks. The average price objective for 12 months among analysts is $51.69 last year.

WWE stock has been a topic of many analyst research reports. Rosenblatt Securities have lowered the target price of the company’s shares from $57.00 – $50.00 and issued a rating of “buy” on the company’s stocks on October 30th, Friday.MKM Partners reduced the target price of the company’s shares from $58.00 – $50.00 on October 6th, Tuesday.

Loop Capital has upgraded its ratings of the company’s shares from “sell” to “hold” and increased the target price of the company’s shares from $38.00 – $42.00 on September 14th, Monday. Morgan Stanley reduced the target price of the company’s shares from $52.00 – $47.00 and issued a rating of “equal weight” on the company’s stock on October 27th, Tuesday. Lastly, Berenga Bank initiated coverage on the company shares on September 30th, Wednesday. They issued a rating of “buy” on the company’s stocks.

More Details About The WWE Stock

WWE shares opened on Tuesday at $47.92.The company has $43.44 as its moving average for 50 days and $42.90 as its moving average for 200 days. The firm has a 1.27 quick ratio, a 1.29 current ratio, and a 1.14 ratio between debt and equity. The company has $3.73 bn in market capitalization, a 28.69 PE ratio, and a 1.42 beta. The company has $29.10 as its twelve-month low and $67.53 as its twelve-month high.

WWE is an entertainment and integrated media company that engages in the business of entertainment in Latin America, Asia Pacific, Africa, Middle East, Europe, and North America.

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