Viacom Inc. (NASDAQ:VIAB) had its price objective cut by analysts at Morgan Stanley from $42.00 to $38.00 in a report issued on Friday. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 54.66% from the stock’s previous close.

A number of other analysts also recently issued reports on VIAB. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $30.00 target price (down previously from $35.00) on shares of Viacom in a research report on Wednesday, August 9th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $35.00 target price (down previously from $42.00) on shares of Viacom in a research report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $43.00 target price (down previously from $52.00) on shares of Viacom in a research report on Wednesday, August 9th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $40.00 target price on shares of Viacom in a research report on Tuesday, September 26th. Finally, Barclays PLC reaffirmed a “neutral” rating on shares of Viacom in a research report on Monday, August 7th. Eight analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $39.92.

Shares of Viacom (NASDAQ:VIAB) traded up 4.619% on Friday, reaching $25.705. The company’s stock had a trading volume of 2,886,916 shares. The company’s 50 day moving average is $27.57 and its 200-day moving average is $34.33. The stock has a market cap of $10.34 billion, a PE ratio of 7.073 and a beta of 1.57. Viacom has a 1-year low of $23.45 and a 1-year high of $46.72.

Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. Viacom’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 earnings per share. On average, equities analysts predict that Viacom will post $3.85 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the company. Fifth Third Bancorp boosted its holdings in shares of Viacom by 9.4% during the first quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock worth $122,000 after acquiring an additional 225 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of Viacom in the second quarter valued at approximately $108,000. First Personal Financial Services boosted its stake in shares of Viacom by 5.9% in the second quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock valued at $110,000 after buying an additional 182 shares during the period. First Mercantile Trust Co. boosted its stake in shares of 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 during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Viacom by 13.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock valued at $124,000 after buying an additional 423 shares during the period. Institutional investors own 79.18% of the company’s stock.

About Viacom

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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