Cable One (NYSE:CABO) had its price objective increased by equities researchers at KeyCorp from $1,482.00 to $1,900.00 in a research note issued on Wednesday, The Fly reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 10.46% from the company’s current price. KeyCorp also issued estimates for Cable One’s FY2021 earnings at $41.62 EPS. The analysts noted that the move was a valuation call.

Other equities analysts have also issued research reports about the company. ValuEngine lowered Cable One from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $1,506.00 price objective on the stock in a research note on Monday, November 4th. Finally, B. Riley lowered Cable One from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $1,490.00 to $1,700.00 in a research note on Thursday, January 16th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $1,465.20.

NYSE CABO traded up $16.63 on Wednesday, reaching $1,720.10. 2,245 shares of the company were exchanged, compared to its average volume of 25,070. The business’s fifty day moving average price is $1,553.23 and its 200 day moving average price is $1,366.60. The stock has a market capitalization of $9.43 billion, a P/E ratio of 59.01 and a beta of 0.43. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.65. Cable One has a fifty-two week low of $848.80 and a fifty-two week high of $1,713.15.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, November 7th. The company reported $8.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.25 by $0.43. The company had revenue of $284.99 million for the quarter, compared to analyst estimates of $285.64 million. Cable One had a return on equity of 22.55% and a net margin of 14.92%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.70 earnings per share. Equities research analysts forecast that Cable One will post 31.48 earnings per share for the current year.

In other Cable One news, CEO Julia M. Laulis sold 736 shares of Cable One stock in a transaction on Monday, January 13th. The stock was sold at an average price of $1,612.61, for a total value of $1,186,880.96. Following the sale, the chief executive officer now owns 3,158 shares in the company, valued at $5,092,622.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Julia M. Laulis sold 718 shares of Cable One stock in a transaction on Monday, December 16th. The shares were sold at an average price of $1,510.15, for a total value of $1,084,287.70. Following the completion of the sale, the chief executive officer now owns 2,896 shares in the company, valued at approximately $4,373,394.40. The disclosure for this sale can be found here. Insiders sold 1,682 shares of company stock worth $2,615,335 in the last 90 days. Company insiders own 1.10% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC purchased a new position in shares of Cable One during the 4th quarter worth approximately $74,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Cable One by 7.0% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 168 shares of the company’s stock worth $197,000 after acquiring an additional 11 shares in the last quarter. Arden Trust Co acquired a new stake in Cable One in the fourth quarter worth about $206,000. Jane Street Group LLC acquired a new stake in Cable One in the second quarter worth about $230,000. Finally, Cresset Asset Management LLC boosted its holdings in Cable One by 140.0% in the second quarter. Cresset Asset Management LLC now owns 204 shares of the company’s stock worth $239,000 after acquiring an additional 119 shares in the last quarter. Institutional investors own 81.54% of the company’s stock.

Cable One Company Profile

Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.

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Analyst Recommendations for Cable One (NYSE:CABO)

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