Brokerages Set Viacom, Inc. (VIAB) Price Target at $34.38

Shares of Viacom, Inc. (NASDAQ:VIAB) have been given an average rating of “Hold” by the nineteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $34.38.

Several equities analysts have recently commented on VIAB shares. B. Riley lowered their price target on shares of Viacom from $39.00 to $30.00 in a report on Friday, December 28th. Pivotal Research upgraded shares of Viacom from a “hold” rating to a “buy” rating and boosted their price target for the company from $33.00 to $36.00 in a report on Tuesday, January 15th. Barrington Research restated a “buy” rating and set a $35.00 price target on shares of Viacom in a report on Tuesday, February 5th. Loop Capital upgraded shares of Viacom from a “hold” rating to a “buy” rating and boosted their price target for the company from $33.00 to $35.00 in a report on Friday, March 29th. Finally, TheStreet cut shares of Viacom from a “b-” rating to a “c+” rating in a report on Wednesday, December 26th.

Several large investors have recently bought and sold shares of VIAB. Pearl River Capital LLC bought a new position in shares of Viacom during the 4th quarter worth about $26,000. Bruderman Asset Management LLC increased its holdings in shares of Viacom by 935.5% during the 4th quarter. Bruderman Asset Management LLC now owns 1,139 shares of the company’s stock worth $29,000 after purchasing an additional 1,029 shares during the period. Valley National Advisers Inc. increased its holdings in shares of Viacom by 66.4% during the 4th quarter. Valley National Advisers Inc. now owns 1,118 shares of the company’s stock worth $29,000 after purchasing an additional 446 shares during the period. CWM LLC increased its holdings in shares of Viacom by 507.6% during the 4th quarter. CWM LLC now owns 1,197 shares of the company’s stock worth $31,000 after purchasing an additional 1,000 shares during the period. Finally, Clarus Wealth Advisors increased its holdings in shares of Viacom by 3,279.5% during the 4th quarter. Clarus Wealth Advisors now owns 1,487 shares of the company’s stock worth $38,000 after purchasing an additional 1,443 shares during the period. Institutional investors own 80.92% of the company’s stock.

Shares of NASDAQ:VIAB opened at $30.18 on Tuesday. Viacom has a 12 month low of $23.31 and a 12 month high of $34.44. The company has a market cap of $12.16 billion, a P/E ratio of 7.33, a PEG ratio of 0.88 and a beta of 1.45. The company has a current ratio of 1.31, a quick ratio of 1.10 and a debt-to-equity ratio of 1.12.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.10. Viacom had a net margin of 11.60% and a return on equity of 23.34%. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the previous year, the company posted $1.03 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. As a group, analysts anticipate that Viacom will post 4.2 earnings per share for the current fiscal year.

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.

Further Reading: Yield Curve

Analyst Recommendations for Viacom (NASDAQ:VIAB)

Receive News & Ratings for Viacom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom and related companies with MarketBeat.com's FREE daily email newsletter.