Shares of Viacom, Inc. (NASDAQ:VIAB) have been given an average rating of “Hold” by the thirty-one brokerages that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $35.76.
Several equities research analysts have issued reports on the company. B. Riley restated a “neutral” rating on shares of Viacom in a report on Wednesday, November 1st. Atlantic Securities upgraded Viacom from an “underweight” rating to a “neutral” rating in a report on Wednesday. BMO Capital Markets lifted their price objective on Viacom from $27.00 to $34.00 and gave the stock a “market perform” rating in a report on Monday. Zacks Investment Research upgraded Viacom from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Tuesday. Finally, Pivotal Research reiterated a “hold” rating and issued a $30.00 price target (up from $27.00) on shares of Viacom in a report on Tuesday, January 9th.
A number of large investors have recently added to or reduced their stakes in VIAB. Kiltearn Partners LLP boosted its position in Viacom by 93.2% during the 4th quarter. Kiltearn Partners LLP now owns 5,037,600 shares of the company’s stock valued at $155,208,000 after purchasing an additional 2,429,600 shares during the period. Capital International Investors boosted its position in Viacom by 19.3% during the 3rd quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock valued at $243,926,000 after purchasing an additional 1,418,000 shares during the period. Oldfield Partners LLP boosted its position in Viacom by 25.6% during the 4th quarter. Oldfield Partners LLP now owns 6,722,920 shares of the company’s stock valued at $207,134,000 after purchasing an additional 1,368,700 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in Viacom by 159.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,709,563 shares of the company’s stock valued at $47,594,000 after purchasing an additional 1,050,654 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its position in Viacom by 83.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 2,200,000 shares of the company’s stock valued at $61,248,000 after purchasing an additional 1,000,000 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.
Shares of Viacom (NASDAQ:VIAB) opened at $33.10 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 1.52. Viacom has a twelve month low of $22.13 and a twelve month high of $46.72. The stock has a market capitalization of $13,226.21, a P/E ratio of 6.62, a price-to-earnings-growth ratio of 1.18 and a beta of 1.54.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.09. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the business earned $1.04 EPS. Viacom’s revenue for the quarter was down 7.6% compared to the same quarter last year. equities analysts anticipate that Viacom will post 3.98 earnings per share for the current fiscal year.
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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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