Pivotal Research reiterated their hold rating on shares of Viacom (NASDAQ:VIAB) in a research note published on Tuesday, January 9th, Marketbeat.com reports. Pivotal Research currently has a $30.00 target price on the stock, up from their previous target price of $27.00.
VIAB has been the topic of a number of other research reports. Zacks Investment Research raised shares of Viacom from a sell rating to a hold rating in a research report on Monday, November 20th. Cowen reissued a neutral rating on shares of Viacom in a research report on Friday, November 17th. Macquarie lowered shares of Viacom from a neutral rating to an underperform rating and set a $26.00 price target on the stock. in a research report on Tuesday, January 2nd. Deutsche Bank dropped their price target on shares of Viacom to $25.00 and set a sell rating on the stock in a research report on Monday, October 23rd. Finally, Barrington Research lowered shares of Viacom from an outperform rating to a market perform rating in a research report on Tuesday, January 2nd. Eight analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the stock. Viacom has an average rating of Hold and a consensus target price of $35.07.
Viacom (NASDAQ VIAB) opened at $32.22 on Tuesday. The firm has a market cap of $12,820.00, a P/E ratio of 6.91, a P/E/G ratio of 1.15 and a beta of 1.54. The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 1.81. Viacom has a 52-week low of $22.13 and a 52-week high of $46.72.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, November 16th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.09). The business had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.23 billion. Viacom had a net margin of 14.13% and a return on equity of 28.95%. Viacom’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.54 EPS. equities analysts expect that Viacom will post 3.85 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Viacom by 13.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after buying an additional 423 shares in the last quarter. Wall Street Access Asset Management LLC boosted its stake in Viacom by 1.1% during the second quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock worth $212,000 after buying an additional 70 shares in the last quarter. Capital Guardian Trust Co. boosted its stake in Viacom by 2.7% during the second quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock worth $217,000 after buying an additional 168 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Viacom during the fourth quarter worth $225,000. Finally, Beach Investment Management LLC. acquired a new stake in Viacom during the second quarter worth $272,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.
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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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