Viacom Price Target Increased to $90.00 by Analysts at Evercore Partners (VIA)
Equities researchers at Evercore Partners upped their price target on shares of Viacom (NYSE:VIA) from $85.00 to $90.00 in a research report issued on Friday, Stock Ratings News reports. Evercore Partners’ price target would suggest a potential upside of 10.99% from the stock’s previous close.
Shares of Viacom (NYSE:VIA) traded down 1.68% during mid-day trading on Friday, hitting $82.71. 4,483 shares of the company’s stock traded hands. Viacom has a 1-year low of $59.80 and a 1-year high of $88.20. The stock has a 50-day moving average of $84. and a 200-day moving average of $81.5. The company has a market cap of $36.887 billion and a P/E ratio of 17.39.
Viacom (NYSE:VIA) last announced its earnings results on Thursday, January 30th. The company reported $1.20 EPS for the quarter.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of 0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, March 12th.
Separately, analysts at Wunderlich raised their price target on shares of Viacom from $90.00 to $103.00 in a research note to investors on Friday, November 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $83.64.
Viacom Inc (NYSE:VIA) is an entertainment content company.
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