Could The Liberty Braves Group (BATRK) See a Reversal After Breaking Its 52-Week High?

The stock of The Liberty Braves Group (NASDAQ:BATRK) hit a new 52-week high and has $31.40 target or 7.00 % above today’s $29.35 share price. The 8 months bullish chart indicates low risk for the $1.50B company. The 1-year high was reported on Sep, 13 by Barchart.com. If the $31.40 price target is reached, the company will be worth $104.86 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.24% or $0.07 during the last trading session, reaching $29.35. About 138,204 shares traded or 78.96% up from the average. The Liberty Braves Group (NASDAQ:BATRK) has risen 13.13% since September 13, 2018 and is uptrending. It has outperformed by 13.13% the S&P500.

Analysts await The Liberty Braves Group (NASDAQ:BATRK) to report earnings on November, 14. They expect $0.60 EPS, down 25.00 % or $0.20 from last year’s $0.8 per share. BATRK’s profit will be $30.62M for 12.23 P/E if the $0.60 EPS becomes a reality. After $0.46 actual EPS reported by The Liberty Braves Group for the previous quarter, Wall Street now forecasts 30.43 % EPS growth.

More notable recent The Liberty Braves Group (NASDAQ:BATRK) news were published by: Finance.Yahoo.com which released: “Is Global Net Lease, Inc. (GNL) A Good Stock To Buy? – Yahoo Finance” on May 02, 2019, also Businesswire.com with their article: “Liberty Media Corporation Prices Private Offering of $350 Million of Exchangeable Senior Debentures Due 2048 – Business Wire” published on November 28, 2018, Finance.Yahoo.com published: “Is AMC Entertainment Holdings Inc (AMC) A Good Stock To Buy? – Yahoo Finance” on May 03, 2019. More interesting news about The Liberty Braves Group (NASDAQ:BATRK) were released by: Forbes.com and their article: “How (And Why) To Buy A Piece Of The Atlanta Braves – Forbes Now” published on April 12, 2017 as well as Seekingalpha.com‘s news article titled: “Buy A Premium Baseball Franchise At A Massive Discount To Its Private Market Value – Seeking Alpha” with publication date: February 08, 2018.

The Liberty Braves Group, through its subsidiary, Braves Holdings, LLC, owns the Atlanta Braves Major League Baseball Club, stadium, and mixed use development project. The company has market cap of $1.50 billion. The firm is based in Englewood, Colorado. It has a 107.12 P/E ratio.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.