Oppenheimer Lowers ViaSat Price Target to $62.00 (VSAT)
Investment analysts at Oppenheimer lowered their price target on shares of ViaSat (NASDAQ:VSAT) from $66.00 to $62.00 in a note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 8.28% from the stock’s previous close.
A number of other analysts have also recently weighed in on VSAT. Analysts at Wunderlich cut their price target on shares of ViaSat from $50.00 to $48.00 in a research note on Wednesday. They now have a “sell” rating on the stock. Separately, analysts at Zacks upgraded shares of ViaSat from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $58.40 price target on the stock. Finally, analysts at Drexel Hamilton initiated coverage on shares of ViaSat in a research note on Thursday, May 29th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $61.08.
Shares of ViaSat (NASDAQ:VSAT) opened at 57.26 on Wednesday. ViaSat has a 52 week low of $53.03 and a 52 week high of $74.78. The stock’s 50-day moving average is $57.79 and its 200-day moving average is $61.65. The company’s market cap is $2.656 billion.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.15 by $0.10. The company had revenue of $319.50 million for the quarter, compared to the consensus estimate of $349.88 million. On average, analysts predict that ViaSat will post $1.19 earnings per share for the current fiscal year.
In other ViaSat news, Director John P. Stenbit unloaded 3,100 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $58.45, for a total transaction of $181,195.00. The sale was disclosed in a filing with the SEC, which is available at this link.
ViaSat, Inc is a provider of high-speed fixed and mobile broadband services, advanced satellite and other wireless networks and secure networking systems, products and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.