Viacom Inc. (NASDAQ:VIAB)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Group LLC in a report released on Thursday, August 3rd. They presently have a $52.00 target price on the stock. Jefferies Group LLC’s price objective suggests a potential upside of 69.60% from the stock’s current price.
Other research analysts have also issued research reports about the stock. J P Morgan Chase & Co reiterated an “overweight” rating and set a $48.00 price objective on shares of Viacom in a research note on Monday, June 12th. BidaskClub lowered shares of Viacom from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada dropped their price objective on shares of Viacom from $35.00 to $30.00 and set an “underperform” rating on the stock in a research note on Monday, May 15th. BMO Capital Markets dropped their price target on shares of Viacom from $44.00 to $42.00 and set a “market perform” rating for the company in a research note on Monday, May 15th. Finally, Rosenblatt Securities restated an “underweight” rating on shares of Viacom in a research note on Friday, April 14th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company. Viacom currently has a consensus rating of “Hold” and a consensus target price of $42.14.
Shares of Viacom (NASDAQ:VIAB) traded up 1.96% during mid-day trading on Thursday, hitting $30.66. 3,680,002 shares of the stock traded hands. The company has a market cap of $12.33 billion, a P/E ratio of 8.44 and a beta of 1.57. The firm has a 50 day moving average of $34.02 and a 200 day moving average of $38.99. Viacom has a 12 month low of $29.65 and a 12 month high of $46.72.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the firm posted $1.05 earnings per share. Viacom’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities analysts anticipate that Viacom will post $3.87 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans raised its position in shares of Viacom by 7.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,272 shares of the company’s stock worth $431,000 after buying an additional 890 shares during the last quarter. Kentucky Retirement Systems bought a new stake in shares of Viacom during the fourth quarter worth $885,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Viacom during the fourth quarter worth $395,000. Macquarie Group Ltd. boosted its stake in shares of Viacom by 55.6% in the fourth quarter. Macquarie Group Ltd. now owns 24,325 shares of the company’s stock worth $853,000 after buying an additional 8,691 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of Viacom by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 300,003 shares of the company’s stock worth $13,987,000 after buying an additional 9,263 shares during the period. Institutional investors and hedge funds own 77.38% of the company’s stock.
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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