Viacom Inc. (VIAB) Earns “Outperform” Rating from Credit Suisse Group AG
Credit Suisse Group AG reiterated their outperform rating on shares of Viacom Inc. (NASDAQ:VIAB) in a research report report published on Wednesday. The firm currently has a $42.00 target price on the stock.
Several other equities analysts also recently issued reports on the company. Jefferies Group reiterated a buy rating and set a $49.00 price objective on shares of Viacom in a research report on Tuesday, September 20th. Brean Capital upgraded Viacom from a hold rating to a buy rating and set a $44.00 price objective for the company in a research report on Tuesday, September 13th. Pivotal Research reiterated a buy rating and set a $52.00 price objective on shares of Viacom in a research report on Sunday, July 24th. Vetr downgraded Viacom from a buy rating to a hold rating and set a $44.78 price objective for the company. in a research report on Wednesday, August 17th. Finally, FBR & Co reduced their price objective on Viacom from $67.00 to $59.00 and set an outperform rating for the company in a research report on Tuesday, July 26th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and ten have assigned a buy rating to the stock. Viacom currently has an average rating of Hold and a consensus price target of $43.80.
Shares of Viacom (NASDAQ:VIAB) opened at 36.27 on Wednesday. The firm’s 50-day moving average price is $38.44 and its 200-day moving average price is $41.19. Viacom has a one year low of $30.11 and a one year high of $53.35. The firm has a market cap of $14.39 billion, a PE ratio of 6.98 and a beta of 1.33.
Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, August 4th. The company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.04. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The company earned $3.11 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm posted $1.47 earnings per share. Viacom’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities research analysts expect that Viacom will post $3.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Thursday, September 22nd. Viacom’s dividend payout ratio (DPR) is 15.41%.
Large investors have recently added to or reduced their stakes in the stock. Credit Agricole S A boosted its stake in Viacom by 20.3% in the first quarter. Credit Agricole S A now owns 171,646 shares of the company’s stock worth $7,085,000 after buying an additional 28,971 shares during the period. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Viacom during the first quarter worth about $382,000. Wunderlich Capital Managemnt boosted its stake in Viacom by 1.7% in the first quarter. Wunderlich Capital Managemnt now owns 33,204 shares of the company’s stock worth $1,371,000 after buying an additional 566 shares during the period. M&T Bank Corp boosted its stake in Viacom by 12.9% in the first quarter. M&T Bank Corp now owns 553,612 shares of the company’s stock worth $22,852,000 after buying an additional 63,195 shares during the period. Finally, Royce & Associates LP boosted its stake in Viacom by 18.5% in the first quarter. Royce & Associates LP now owns 186,000 shares of the company’s stock worth $7,678,000 after buying an additional 29,000 shares during the period. Institutional investors own 76.12% of the company’s stock.
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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