ViaSat Given Average Rating of “Hold” by Brokerages (NASDAQ:VSAT)
Shares of ViaSat (NASDAQ:VSAT) have earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, AnalystRatingsNetwork reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $59.88.
Shares of ViaSat (NASDAQ:VSAT) opened at 55.24 on Friday. ViaSat has a 52 week low of $51.50 and a 52 week high of $74.78. The stock has a 50-day moving average of $57.44 and a 200-day moving average of $61.4. The company’s market cap is $2.580 billion.
ViaSat (NASDAQ:VSAT) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ 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. Analysts expect that ViaSat will post $1.02 EPS for the current fiscal year.
A number of research firms have recently commented on VSAT. Analysts at Stephens downgraded shares of ViaSat from an “overweight” rating to an “equal weight” rating in a research note on Friday. Separately, analysts at Oppenheimer downgraded shares of ViaSat from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 14th. They now have a $62.00 price target on the stock. Finally, analysts at Needham & Company LLC cut their price target on shares of ViaSat from $67.00 to $61.00 in a research note on Wednesday, August 13th. They now have a “strong-buy” rating on the stock.
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.
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