Viacom Inc. (VIAB) Price Target Cut to $25.00

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.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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