BMO Capital Markets Increases Viacom (VIAB) Price Target to $34.00

Viacom (NASDAQ:VIAB) had its price objective hoisted by analysts at BMO Capital Markets from $27.00 to $34.00 in a report issued on Monday. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 2.72% from the company’s current price.

Several other equities analysts have also recently commented on VIAB. B. Riley restated a “neutral” rating on shares of Viacom in a report on Wednesday, November 1st. BidaskClub cut shares of Viacom from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Guggenheim restated a “hold” rating and set a $35.00 price target on shares of Viacom in a report on Friday, February 9th. Piper Jaffray Companies restated a “hold” rating and set a $36.00 price target on shares of Viacom in a report on Friday, February 9th. Finally, ValuEngine upgraded shares of Viacom from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $35.31.

Shares of Viacom (VIAB) opened at $33.10 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.14 and a current ratio of 1.41. Viacom has a one year low of $22.13 and a one year high of $46.72. The stock has a market cap of $13,590.00, a price-to-earnings ratio of 6.62, a price-to-earnings-growth ratio of 1.13 and a beta of 1.54.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.94 by $0.09. Viacom had a net margin of 15.49% and a return on equity of 26.28%. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the previous year, the company posted $1.04 EPS. Viacom’s revenue was down 7.6% on a year-over-year basis. equities research analysts anticipate that Viacom will post 3.85 earnings per share for the current year.

A number of large investors have recently modified their holdings of VIAB. Thrivent Financial For Lutherans boosted its holdings in Viacom by 3.5% in the second quarter. Thrivent Financial For Lutherans now owns 13,422 shares of the company’s stock worth $450,000 after purchasing an additional 450 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Viacom by 172.1% in the second quarter. Macquarie Group Ltd. now owns 36,681 shares of the company’s stock worth $1,231,000 after purchasing an additional 23,200 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Viacom by 391.8% in the second quarter. Janus Henderson Group PLC now owns 201,571 shares of the company’s stock worth $6,767,000 after purchasing an additional 160,584 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Viacom by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 681,199 shares of the company’s stock worth $22,868,000 after purchasing an additional 45,628 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Viacom by 36.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 33,302 shares of the company’s stock worth $1,118,000 after purchasing an additional 8,932 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

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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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