Cable One, Inc. (CABO) Receives Market Perform Rating from Wells Fargo & Company
Cable One, Inc. (NYSE:CABO)‘s stock had its “market perform” rating reaffirmed by research analysts at Wells Fargo & Company in a research note issued on Monday. They currently have a $700.00 price objective on the stock, down from their previous price objective of $761.00. Wells Fargo & Company’s price target points to a potential upside of 2.34% from the company’s previous close.
Several other equities research analysts have also recently weighed in on CABO. Raymond James Financial, Inc. increased their price objective on Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $837.00 price objective for the company in a research report on Thursday, August 10th. BidaskClub cut Cable One from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $815.00 target price on shares of Cable One in a research report on Friday. Finally, J P Morgan Chase & Co cut Cable One from a “neutral” rating to an “underweight” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $715.00.
Cable One (NYSE CABO) opened at $683.98 on Monday. Cable One has a twelve month low of $564.26 and a twelve month high of $788.00. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $3,918.78, a P/E ratio of 33.40, a price-to-earnings-growth ratio of 10.27 and a beta of 0.24.
Cable One (NYSE:CABO) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $5.48 earnings per share for the quarter, beating the consensus estimate of $5.20 by $0.28. Cable One had a return on equity of 23.97% and a net margin of 12.95%. The company had revenue of $253.85 million during the quarter, compared to analysts’ expectations of $255.68 million. During the same period in the prior year, the business earned $3.63 earnings per share. Cable One’s revenue for the quarter was up 23.5% compared to the same quarter last year. equities research analysts forecast that Cable One will post 22.2 EPS for the current year.
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In related news, CEO Julia M. Laulis sold 867 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $736.35, for a total value of $638,415.45. Following the completion of the transaction, the chief executive officer now directly owns 7,642 shares of the company’s stock, valued at $5,627,186.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Michael E. Bowker sold 1,244 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $740.59, for a total value of $921,293.96. Following the completion of the transaction, the chief operating officer now directly owns 7,104 shares of the company’s stock, valued at $5,261,151.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,561 shares of company stock valued at $1,893,119. 1.30% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its holdings in shares of Cable One by 37.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 25,136 shares of the company’s stock valued at $18,152,000 after acquiring an additional 6,822 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Cable One by 49.2% during the third quarter. Wells Fargo & Company MN now owns 25,553 shares of the company’s stock valued at $18,452,000 after acquiring an additional 8,423 shares during the period. Legal & General Group Plc lifted its holdings in shares of Cable One by 13.6% during the third quarter. Legal & General Group Plc now owns 4,208 shares of the company’s stock valued at $3,038,000 after acquiring an additional 503 shares during the period. Haverford Financial Services Inc. bought a new position in shares of Cable One during the third quarter valued at $423,000. Finally, TD Asset Management Inc. lifted its holdings in shares of Cable One by 23.1% during the third quarter. TD Asset Management Inc. now owns 2,772 shares of the company’s stock valued at $2,002,000 after acquiring an additional 520 shares during the period. 70.35% of the stock is owned by institutional investors.
About Cable One
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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