Investment analysts at Wolfe Research started coverage on shares of Viacom (NASDAQ:VIAB) in a report released on Friday, The Fly reports. The brokerage set an “outperform” rating on the stock.
Other equities research analysts also recently issued research reports about the company. TheStreet raised Viacom from a “c+” rating to a “b-” rating in a report on Friday, August 31st. Zacks Investment Research raised Viacom from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday, October 12th. B. Riley raised Viacom from a “neutral” rating to a “buy” rating and increased their price objective for the company from $34.00 to $39.00 in a report on Wednesday, September 26th. BidaskClub raised Viacom from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $34.00 price target on shares of Viacom in a report on Monday, October 15th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $34.15.
Shares of NASDAQ VIAB traded up $0.13 during trading hours on Friday, hitting $30.13. The company had a trading volume of 83,445 shares, compared to its average volume of 3,993,685. The company has a market cap of $12.44 billion, a PE ratio of 7.31, a PEG ratio of 1.09 and a beta of 1.42. The company has a current ratio of 1.50, a quick ratio of 1.28 and a debt-to-equity ratio of 1.27. Viacom has a 1-year low of $26.56 and a 1-year high of $35.55.
Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Friday, November 16th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.37 billion. Viacom had a return on equity of 23.68% and a net margin of 13.28%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. As a group, sell-side analysts predict that Viacom will post 4.28 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. Signaturefd LLC increased its position in Viacom by 100.7% during the 3rd quarter. Signaturefd LLC now owns 3,879 shares of the company’s stock worth $131,000 after buying an additional 1,946 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Viacom by 36,808.3% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,429 shares of the company’s stock worth $134,000 after buying an additional 4,417 shares during the period. Ancora Advisors LLC bought a new position in Viacom during the 3rd quarter worth $169,000. Baird Financial Group Inc. bought a new position in Viacom during the 3rd quarter worth $201,000. Finally, Commerce Bank bought a new position in Viacom during the 3rd quarter worth $210,000. 69.49% of the stock is owned by institutional investors and hedge funds.
Viacom Company Profile
Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.
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