Cable One, Inc. (NYSE:CABO) Receives $114.25 Consensus Target Price from Analysts

Shares of Cable One, Inc. (NYSE:CABO) have earned an average rating of “Reduce” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $114.25.

A number of equities research analysts have weighed in on CABO shares. TD Cowen dropped their price target on shares of Cable One from $260.00 to $142.00 and set a “hold” rating for the company in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, January 21st. BNP Paribas Exane downgraded shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 target price for the company. in a report on Tuesday, February 24th. Zacks Research raised Cable One from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Finally, Wells Fargo & Company lowered their price target on Cable One from $107.00 to $90.00 and set an “underweight” rating for the company in a research report on Friday, February 27th.

Institutional Trading of Cable One

A number of institutional investors and hedge funds have recently bought and sold shares of CABO. Baupost Group LLC MA acquired a new stake in Cable One in the 3rd quarter valued at about $12,068,000. Private Management Group Inc. grew its position in shares of Cable One by 103.9% during the second quarter. Private Management Group Inc. now owns 311,131 shares of the company’s stock worth $42,255,000 after buying an additional 158,564 shares in the last quarter. Goldentree Asset Management LP purchased a new stake in shares of Cable One during the third quarter worth approximately $13,033,000. Burgundy Asset Management Ltd. raised its holdings in Cable One by 18.0% in the second quarter. Burgundy Asset Management Ltd. now owns 474,730 shares of the company’s stock valued at $64,473,000 after acquiring an additional 72,327 shares in the last quarter. Finally, Norges Bank purchased a new position in Cable One in the second quarter worth approximately $8,336,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Cable One Stock Performance

Shares of Cable One stock opened at $95.24 on Friday. The firm has a market cap of $540.02 million, a PE ratio of -1.49 and a beta of 0.70. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.81. Cable One has a 52 week low of $70.37 and a 52 week high of $277.96. The business’s fifty day simple moving average is $98.05 and its 200-day simple moving average is $123.75.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $7.60 by ($8.95). Cable One had a negative net margin of 23.74% and a positive return on equity of 7.36%. The company had revenue of $363.74 million during the quarter, compared to analysts’ expectations of $368.59 million. Equities analysts forecast that Cable One will post 32.08 earnings per share for the current year.

Cable One Company Profile

Cable One, Inc (NYSE:CABO) is an American provider of broadband communications services, offering a suite of residential and business solutions over a hybrid fiber-coaxial network. The company delivers high-speed internet access, digital video, voice communications and mobile services, alongside advanced managed Wi-Fi and cybersecurity tools. Cable One’s infrastructure supports both traditional cable offerings and converged IP-based platforms designed to meet evolving customer needs.

In addition to consumer-focused services, Cable One caters to small and medium-sized enterprises with dedicated business-class connectivity, Ethernet solutions and cloud-based voice applications.