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

Cable One, Inc. (NYSE:CABO) has been given a consensus rating of “Reduce” by the eight analysts that are presently covering the firm, Marketbeat reports. Three 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 twelve-month target price among brokerages that have covered the stock in the last year is $114.25.

A number of research analysts have commented on the company. BNP Paribas Exane downgraded Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 target price on the stock. in a research note on Tuesday, February 24th. 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 note on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, January 21st. Zacks Research raised shares of Cable One from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Finally, TD Cowen reduced their target price on shares of Cable One from $260.00 to $142.00 and set a “hold” rating for the company in a research note on Friday, February 27th.

Institutional Investors Weigh In On Cable One

Several institutional investors and hedge funds have recently modified their holdings of CABO. Baupost Group LLC MA bought a new stake in Cable One in the third quarter worth $12,068,000. Goldentree Asset Management LP acquired a new stake in shares of Cable One in the third quarter worth about $13,033,000. Balyasny Asset Management L.P. boosted its stake in shares of Cable One by 912.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 57,297 shares of the company’s stock worth $7,782,000 after acquiring an additional 51,639 shares in the last quarter. Man Group plc boosted its stake in shares of Cable One by 669.3% during the 4th quarter. Man Group plc now owns 51,300 shares of the company’s stock worth $5,789,000 after acquiring an additional 44,632 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in shares of Cable One during the 2nd quarter valued at about $4,822,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Price Performance

CABO opened at $106.87 on Tuesday. The stock has a fifty day moving average of $101.12 and a 200-day moving average of $116.19. The firm has a market capitalization of $606.16 million, a P/E ratio of -1.67 and a beta of 0.69. Cable One has a 12-month low of $70.37 and a 12-month high of $277.55. 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 (NYSE:CABO) last released its earnings results on Thursday, February 26th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business 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 EPS for the current fiscal 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.