Viacom (NASDAQ:VIAB) had its target price lowered by equities researchers at Loop Capital from $32.00 to $27.00 in a note issued to investors on Friday, November 17th. The firm currently has a “hold” rating on the stock. Loop Capital’s price objective indicates a potential downside of 6.70% from the stock’s previous close.
A number of other brokerages also recently issued reports on VIAB. UBS lowered their price target on shares of Viacom from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 4th. Atlantic Securities downgraded shares of Viacom from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $45.00 to $30.00 in a report on Friday, August 4th. BidaskClub raised shares of Viacom from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Viacom from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $52.00 price objective on shares of Viacom in a report on Thursday, August 3rd. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the company. Viacom has an average rating of “Hold” and a consensus target price of $36.62.
Viacom (NASDAQ VIAB) remained flat at $$28.94 during trading hours on Friday. The company’s stock had a trading volume of 4,563,065 shares, compared to its average volume of 5,145,698. Viacom has a twelve month low of $22.13 and a twelve month high of $46.72. The stock has a market cap of $11,920.00, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 1.03 and a beta of 1.60. The company has a quick ratio of 1.30, a current ratio of 1.55 and a debt-to-equity ratio of 1.81.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.09). Viacom had a return on equity of 28.95% and a net margin of 14.13%. The firm had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period last year, the company posted $1.54 earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis. analysts predict that Viacom will post 3.78 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. AXA lifted its position in shares of Viacom by 41.0% during the 3rd quarter. AXA now owns 1,389,850 shares of the company’s stock worth $38,693,000 after buying an additional 403,920 shares during the last quarter. Shelton Capital Management lifted its position in shares of Viacom by 11.5% during the 3rd quarter. Shelton Capital Management now owns 148,000 shares of the company’s stock worth $4,120,000 after buying an additional 15,300 shares during the last quarter. Gyroscope Capital Management Group LLC purchased a new stake in shares of Viacom during the 3rd quarter worth approximately $5,563,000. Belpointe Asset Management LLC purchased a new stake in shares of Viacom during the 3rd quarter worth approximately $945,000. Finally, IFM Investors Pty Ltd purchased a new stake in shares of Viacom during the 3rd quarter worth approximately $269,000. Institutional investors own 79.26% of the company’s stock.
Viacom Company Profile
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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