Viacom Inc. (NASDAQ:VIAB) has been given a $37.00 target price by Barclays PLC in a research report issued on Friday. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s price objective suggests a potential upside of 20.25% from the stock’s current price.

A number of other brokerages have also weighed in on VIAB. FBR & Co raised their price objective on Viacom from $45.00 to $48.00 and gave the company a “mkt perform” rating in a research note on Monday, April 10th. Jefferies Group LLC restated a “buy” rating and set a $52.00 price objective on shares of Viacom in a research note on Monday, April 17th. Rosenblatt Securities restated an “underweight” rating on shares of Viacom in a research note on Friday, April 14th. Pivotal Research restated a “hold” rating and set a $40.00 price objective on shares of Viacom in a research note on Sunday, April 23rd. Finally, BMO Capital Markets lowered their price objective on Viacom from $44.00 to $42.00 and set a “market perform” rating for the company in a research note on Friday, May 5th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock. Viacom has a consensus rating of “Hold” and an average target price of $42.14.

Shares of Viacom (NASDAQ VIAB) traded down 2.99% during trading on Friday, reaching $29.85. The company had a trading volume of 4,857,431 shares. The company has a market capitalization of $11.99 billion, a P/E ratio of 9.87 and a beta of 1.57. The firm has a 50-day moving average price of $34.63 and a 200-day moving average price of $39.32. Viacom has a 52-week low of $29.65 and a 52-week high of $46.72.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the firm earned $1.05 EPS. Viacom’s quarterly revenue was up 8.3% on a year-over-year basis. On average, analysts predict that Viacom will post $3.87 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the stock. Wetherby Asset Management Inc. raised its position in Viacom by 0.7% in the first quarter. Wetherby Asset Management Inc. now owns 7,186 shares of the company’s stock valued at $335,000 after buying an additional 53 shares in the last quarter. First Mercantile Trust Co. raised its position in Viacom by 1.6% in the second quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock valued at $115,000 after buying an additional 54 shares in the last quarter. Cleararc Capital Inc. raised its position in Viacom by 0.9% in the first quarter. Cleararc Capital Inc. now owns 8,495 shares of the company’s stock valued at $396,000 after buying an additional 72 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in Viacom by 0.6% in the first quarter. Stratos Wealth Partners LTD. now owns 11,781 shares of the company’s stock valued at $549,000 after buying an additional 76 shares in the last quarter. Finally, Suntrust Banks Inc. raised its position in Viacom by 0.5% in the first quarter. Suntrust Banks Inc. now owns 21,318 shares of the company’s stock valued at $991,000 after buying an additional 106 shares in the last quarter. 77.38% of the stock is currently owned by hedge funds and other institutional investors.

Viacom Company Profile

Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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