Viacom Inc. (NASDAQ:VIAB) had its price objective lowered by equities research analysts at Deutsche Bank AG to $25.00 in a note issued to investors on Monday. The firm currently has a “sell” rating on the stock. Deutsche Bank AG’s price objective indicates a potential downside of 2.53% from the stock’s previous close.
VIAB has been the topic of a number of other reports. Cowen and Company reiterated a “hold” rating and set a $41.00 price objective on shares of Viacom in a research note on Tuesday, July 11th. Zacks Investment Research downgraded shares of Viacom from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded shares of Viacom from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Morgan Stanley restated an “overweight” rating on shares of Viacom in a research report on Thursday, July 6th. Finally, Barclays PLC restated a “neutral” rating on shares of Viacom in a research report on Monday, August 7th. Eight analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $39.00.
Shares of Viacom (NASDAQ VIAB) opened at 25.65 on Monday. The company has a 50-day moving average of $27.00 and a 200-day moving average of $33.05. The stock has a market capitalization of $10.32 billion, a PE ratio of 7.06 and a beta of 1.57. Viacom has a 12 month low of $23.45 and a 12 month high of $46.72.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.12. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the prior year, the firm posted $1.05 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts expect that Viacom will post $3.85 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the company. Johnson Financial Group Inc. acquired a new position in shares of Viacom in the 2nd quarter worth approximately $108,000. First Personal Financial Services grew its stake in shares of Viacom by 5.9% in the 2nd quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after purchasing an additional 182 shares during the last quarter. First Mercantile Trust Co. grew its stake in shares of Viacom by 1.6% in the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after purchasing an additional 54 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Viacom by 9.4% in the 1st quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock worth $122,000 after purchasing an additional 225 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Viacom by 13.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after purchasing an additional 423 shares during the last quarter. 79.17% of the stock is currently owned by institutional investors.
Viacom Company Profile
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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