Viacom Inc. (VIAB) Receives $44.40 Average Target Price from Analysts
Shares of Viacom Inc. (NASDAQ:VIAB) have earned an average recommendation of “Hold” from the thirty-eight brokerages that are currently covering the company. Three analysts have rated the stock with a sell recommendation, twenty-two have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $44.73.
VIAB has been the topic of several recent research reports. BTIG Research upgraded Viacom from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Thursday, June 16th. FBR & Co reissued a “buy” rating on shares of Viacom in a research note on Monday, June 20th. Credit Suisse Group AG reissued a “buy” rating on shares of Viacom in a research note on Friday, June 17th. Wunderlich reissued a “buy” rating and issued a $87.00 price objective on shares of Viacom in a research note on Friday, June 17th. Finally, Jefferies Group reissued a “buy” rating and issued a $49.00 price objective on shares of Viacom in a research note on Thursday, June 23rd.
A number of large investors have recently made changes to their positions in the company. Pinkerton Retirement Specialists LLC acquired a new stake in shares of Viacom during the second quarter valued at $131,000. First Mercantile Trust Co. acquired a new stake in shares of Viacom during the second quarter valued at $135,000. Hussman Strategic Advisors Inc. acquired a new stake in shares of Viacom during the second quarter valued at $137,000. Smithfield Trust Co. acquired a new stake in shares of Viacom during the second quarter valued at $141,000. Finally, IFP Advisors Inc increased its stake in shares of Viacom by 7.1% in the first quarter. IFP Advisors Inc now owns 3,964 shares of the company’s stock valued at $164,000 after buying an additional 264 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Viacom (NASDAQ:VIAB) opened at 35.82 on Tuesday. Viacom has a 1-year low of $30.11 and a 1-year high of $53.35. The company has a 50-day moving average price of $37.72 and a 200 day moving average price of $41.06. The company has a market capitalization of $14.21 billion, a P/E ratio of 6.90 and a beta of 1.33.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.01 billion. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 earnings per share. Equities research analysts anticipate that Viacom will post $3.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 22nd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, September 22nd. Viacom’s payout ratio is currently 15.41%.
Viacom Company Profile
Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.
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