Guggenheim Increases Sinclair (NASDAQ:SBGI) Price Target to $20.00

Sinclair (NASDAQ:SBGI) had its price objective raised by investment analysts at Guggenheim from $19.00 to $20.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s target price suggests a potential upside of 24.38% from the stock’s current price.

Several other equities analysts have also weighed in on SBGI. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sinclair in a research report on Wednesday, October 8th. Benchmark decreased their price objective on shares of Sinclair from $29.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, August 7th. Wall Street Zen upgraded Sinclair from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Wells Fargo & Company decreased their price target on Sinclair from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, August 7th. Finally, Zacks Research downgraded Sinclair from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $19.00.

Sinclair Price Performance

Shares of NASDAQ:SBGI opened at $16.08 on Thursday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 19.37 and a beta of 1.30. Sinclair has a 1 year low of $11.89 and a 1 year high of $18.45. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 13.93. The business has a fifty day simple moving average of $14.16 and a 200 day simple moving average of $14.24.

Sinclair (NASDAQ:SBGI) last issued its earnings results on Wednesday, November 5th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.63. The firm had revenue of $773.00 million for the quarter, compared to the consensus estimate of $766.78 million. Sinclair had a return on equity of 12.51% and a net margin of 1.44%.The business’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share. Sinclair has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Sinclair will post 4.24 earnings per share for the current fiscal year.

Institutional Trading of Sinclair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its holdings in shares of Sinclair by 142.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,815 shares of the company’s stock worth $25,000 after buying an additional 1,065 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Sinclair by 175.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the company’s stock worth $41,000 after acquiring an additional 1,882 shares during the period. Raymond James Financial Inc. bought a new position in Sinclair during the second quarter worth $54,000. Ameritas Investment Partners Inc. raised its stake in Sinclair by 26.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,945 shares of the company’s stock valued at $55,000 after purchasing an additional 820 shares during the last quarter. Finally, Headlands Technologies LLC boosted its holdings in Sinclair by 79.3% in the 2nd quarter. Headlands Technologies LLC now owns 6,773 shares of the company’s stock valued at $94,000 after purchasing an additional 2,996 shares during the period. Institutional investors and hedge funds own 41.71% of the company’s stock.

About Sinclair

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.