Sinclair, Inc. (NASDAQ:SBGI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Sinclair, Inc. (NASDAQ:SBGIGet Free Report) have received an average recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $20.10.

SBGI has been the subject of a number of recent analyst reports. Wells Fargo & Company raised shares of Sinclair from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $13.00 to $19.00 in a research report on Thursday, November 7th. StockNews.com upgraded shares of Sinclair from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Sinclair from $14.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Benchmark reiterated a “buy” rating and set a $30.00 price target on shares of Sinclair in a report on Tuesday, January 28th. Finally, Guggenheim boosted their price objective on Sinclair from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th.

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Sinclair Price Performance

SBGI stock opened at $14.45 on Thursday. The company has a debt-to-equity ratio of 11.73, a quick ratio of 1.91 and a current ratio of 1.91. Sinclair has a 52-week low of $11.13 and a 52-week high of $18.45. The company has a market capitalization of $959.78 million, a P/E ratio of -4.38 and a beta of 1.55. The company has a fifty day moving average price of $15.30 and a 200-day moving average price of $15.58.

Sinclair (NASDAQ:SBGIGet Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $1.99 by $0.62. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.01 billion. Sinclair had a positive return on equity of 63.89% and a negative net margin of 6.14%. As a group, equities analysts expect that Sinclair will post 4.24 EPS for the current year.

Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.92%. Sinclair’s dividend payout ratio is -30.30%.

Institutional Trading of Sinclair

Several hedge funds have recently bought and sold shares of the business. Segall Bryant & Hamill LLC bought a new position in shares of Sinclair in the third quarter valued at $1,605,000. Verition Fund Management LLC bought a new position in Sinclair in the 3rd quarter valued at about $822,000. Barclays PLC boosted its stake in Sinclair by 378.1% during the 3rd quarter. Barclays PLC now owns 54,229 shares of the company’s stock valued at $831,000 after purchasing an additional 42,887 shares during the last quarter. Geode Capital Management LLC boosted its stake in Sinclair by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 826,949 shares of the company’s stock valued at $12,655,000 after purchasing an additional 15,263 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Sinclair during the 3rd quarter worth approximately $2,110,000. Institutional investors and hedge funds own 41.71% of the company’s stock.

Sinclair Company Profile

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Sinclair, Inc, a media company, provides content on local television stations and digital platforms in the United States. It operates through two segments, Local Media and Tennis. The Local Media segment operates broadcast television stations, original networks, and content; provides free-over-the-air programming and live local sporting events on its stations; distributes its content to multi-channel video programming distributors in exchange for contractual fees; and produces local and original news programs.

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Analyst Recommendations for Sinclair (NASDAQ:SBGI)

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