Cable One (CABO) Price Target Increased to $1,020.00 by Analysts at SunTrust Banks

Cable One (NYSE:CABO) had its price target hoisted by SunTrust Banks to $1,020.00 in a note issued to investors on Friday, The Fly reports. The firm currently has a “hold” rating on the stock. SunTrust Banks’ price target indicates a potential downside of 7.25% from the stock’s previous close. The analysts noted that the move was a valuation call.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Cable One from a “hold” rating to a “buy” rating and set a $1,169.00 target price on the stock in a research note on Tuesday, April 30th. Raymond James reaffirmed a “hold” rating on shares of Cable One in a research note on Thursday, February 28th. KeyCorp reaffirmed an “overweight” rating and set a $1,115.00 target price (up previously from $1,025.00) on shares of Cable One in a research note on Thursday, February 28th. They noted that the move was a valuation call. Finally, B. Riley lifted their target price on shares of Cable One from $990.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $1,098.50.

Shares of NYSE CABO opened at $1,099.77 on Friday. The firm has a market capitalization of $6.22 billion, a P/E ratio of 38.23 and a beta of 0.51. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.47. Cable One has a one year low of $640.40 and a one year high of $1,108.18.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Thursday, May 9th. The company reported $6.78 EPS for the quarter, missing the consensus estimate of $8.10 by ($1.32). Cable One had a return on equity of 22.44% and a net margin of 15.36%. The company had revenue of $278.61 million during the quarter, compared to analysts’ expectations of $279.23 million. During the same period in the previous year, the firm posted $7.08 EPS. Cable One’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts expect that Cable One will post 34.25 earnings per share for the current year.

In other news, major shareholder Donald Graham sold 6,900 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $926.14, for a total transaction of $6,390,366.00. Following the transaction, the insider now owns 18,194 shares of the company’s stock, valued at approximately $16,850,191.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Cable One by 2.4% during the 1st quarter. BlackRock Inc. now owns 430,007 shares of the company’s stock valued at $422,000,000 after acquiring an additional 10,238 shares during the last quarter. Vanguard Group Inc lifted its position in Cable One by 2.0% in the third quarter. Vanguard Group Inc now owns 423,990 shares of the company’s stock valued at $374,642,000 after buying an additional 8,214 shares during the last quarter. Vanguard Group Inc. lifted its position in Cable One by 2.0% in the third quarter. Vanguard Group Inc. now owns 423,990 shares of the company’s stock valued at $374,642,000 after buying an additional 8,214 shares during the last quarter. Neuberger Berman Group LLC lifted its position in Cable One by 8.1% in the third quarter. Neuberger Berman Group LLC now owns 107,610 shares of the company’s stock valued at $95,085,000 after buying an additional 8,050 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Cable One by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 78,327 shares of the company’s stock valued at $64,236,000 after buying an additional 989 shares during the last quarter. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

Cable One Company Profile

Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.

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The Fly

Analyst Recommendations for Cable One (NYSE:CABO)

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