Viacom (NASDAQ:VIAB)‘s stock had its “neutral” rating reissued by investment analysts at Cowen in a note issued to investors on Friday, November 17th.
Several other analysts also recently commented on the stock. Citigroup downgraded shares of Viacom from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $33.00 to $24.00 in a report on Monday, October 9th. Wells Fargo & Company downgraded shares of Viacom from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 5th. Morgan Stanley reduced their price objective on shares of Viacom from $42.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. BMO Capital Markets restated a “hold” rating and set a $30.00 price objective on shares of Viacom in a research report on Wednesday, October 18th. Finally, Jefferies Group reiterated a “buy” rating and issued a $52.00 target price on shares of Viacom in a research report on Thursday, August 3rd. Six research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.62.
Viacom (VIAB) traded up $0.78 during midday trading on Friday, hitting $29.18. 8,568,377 shares of the company traded hands, compared to its average volume of 5,145,245. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55. Viacom has a 1 year low of $22.13 and a 1 year high of $46.72. The company has a market cap of $11,424.10, a price-to-earnings ratio of 7.53, a PEG ratio of 1.00 and a beta of 1.60.
Viacom (NASDAQ:VIAB) last issued 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). The company had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.23 billion. Viacom had a net margin of 14.13% and a return on equity of 28.95%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS. analysts anticipate that Viacom will post 3.78 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. acquired a new stake in Viacom during the second quarter worth approximately $108,000. First Personal Financial Services raised its holdings in Viacom by 5.9% during the second quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after purchasing an additional 182 shares in the last quarter. First Mercantile Trust Co. increased its holdings in shares of Viacom by 1.6% in the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock valued at $115,000 after acquiring an additional 54 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Viacom by 13.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock valued at $124,000 after acquiring an additional 423 shares during the period. Finally, Delta Asset Management LLC TN increased its holdings in shares of Viacom by 12.2% in the 2nd quarter. Delta Asset Management LLC TN now owns 4,358 shares of the company’s stock valued at $146,000 after acquiring an additional 475 shares during the period. 79.26% of the stock is currently owned by institutional investors.
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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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