Viacom (NASDAQ:VIAB) received a $34.00 price objective from stock analysts at Moffett Nathanson in a research report issued to clients and investors on Monday, TipRanks reports. The firm currently has a “hold” rating on the stock. Moffett Nathanson’s price target would suggest a potential upside of 29.67% from the stock’s current price.

VIAB has been the topic of a number of other reports. BidaskClub cut Viacom from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. BMO Capital Markets decreased their price target on shares of Viacom from $34.00 to $33.00 and set a “market perform” rating for the company in a research note on Thursday, May 16th. Sanford C. Bernstein lowered their price objective on shares of Viacom from $27.00 to $21.00 and set an “underperform” rating on the stock in a report on Tuesday, September 3rd. ValuEngine lowered shares of Viacom from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 20th. Finally, Macquarie lowered shares of Viacom from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $37.00 to $31.00 in a research note on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $33.31.

VIAB traded down $0.32 during midday trading on Monday, hitting $26.22. The company had a trading volume of 5,237,204 shares, compared to its average volume of 4,642,939. The stock’s 50 day moving average price is $27.47 and its 200 day moving average price is $28.84. Viacom has a 52 week low of $23.31 and a 52 week high of $34.44. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 0.94 and a beta of 1.36. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.02.

Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.14. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Viacom had a net margin of 12.68% and a return on equity of 21.71%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 EPS. Research analysts predict that Viacom will post 4.03 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Viacom by 4.3% during the second quarter. Vanguard Group Inc. now owns 41,525,508 shares of the company’s stock worth $1,240,367,000 after acquiring an additional 1,730,488 shares during the period. BlackRock Inc. grew its stake in Viacom by 0.8% in the 1st quarter. BlackRock Inc. now owns 27,794,121 shares of the company’s stock valued at $780,179,000 after purchasing an additional 215,824 shares during the period. AQR Capital Management LLC increased its position in shares of Viacom by 40.5% during the 1st quarter. AQR Capital Management LLC now owns 10,680,153 shares of the company’s stock valued at $294,131,000 after purchasing an additional 3,076,039 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Viacom by 1.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 9,035,138 shares of the company’s stock valued at $269,880,000 after purchasing an additional 90,081 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Viacom by 1.4% during the 2nd quarter. Northern Trust Corp now owns 5,738,199 shares of the company’s stock worth $171,401,000 after purchasing an additional 77,473 shares during the period. Hedge funds and other institutional investors own 76.51% of the company’s stock.

Viacom Company Profile

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

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Analyst Recommendations for Viacom (NASDAQ:VIAB)

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