Deutsche Bank Increases Viacom (VIAB) Price Target to $33.00

Viacom (NASDAQ:VIAB) had its target price upped by research analysts at Deutsche Bank from $28.00 to $33.00 in a report released on Monday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 0.40% from the stock’s current price.

A number of other analysts have also issued reports on the stock. BMO Capital Markets reissued a “hold” rating and set a $30.00 target price on shares of Viacom in a research note on Wednesday, October 18th. Barclays set a $32.00 target price on shares of Viacom and gave the company a “hold” rating in a research note on Friday, October 20th. UBS Group lowered their target price on shares of Viacom from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 17th. Cowen reissued a “hold” rating on shares of Viacom in a research note on Friday, October 27th. Finally, Pivotal Research reissued a “hold” rating and set a $25.00 target price on shares of Viacom in a research note on Thursday, November 16th. Seven research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $35.35.

Viacom (VIAB) traded up $0.16 during trading on Monday, hitting $32.87. 7,542,200 shares of the stock traded hands, compared to its average volume of 5,752,463. The company has a market capitalization of $13,640.00, a PE ratio of 6.57, a P/E/G ratio of 1.13 and a beta of 1.54. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.14 and a current ratio of 1.41. Viacom has a 52-week low of $22.13 and a 52-week high of $46.72.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.09. Viacom had a net margin of 15.49% and a return on equity of 26.28%. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the business posted $1.04 earnings per share. Viacom’s quarterly revenue was down 7.6% on a year-over-year basis. sell-side analysts expect that Viacom will post 3.85 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of VIAB. Roberts Glore & Co. Inc. IL acquired a new position in Viacom in the 4th quarter worth approximately $270,000. Norinchukin Bank The increased its holdings in Viacom by 7.4% in the 4th quarter. Norinchukin Bank The now owns 28,209 shares of the company’s stock worth $869,000 after buying an additional 1,955 shares during the period. Ontario Teachers Pension Plan Board increased its holdings in Viacom by 43.5% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 56,431 shares of the company’s stock worth $1,739,000 after buying an additional 17,117 shares during the period. American International Group Inc. increased its holdings in Viacom by 253.7% in the 4th quarter. American International Group Inc. now owns 533,177 shares of the company’s stock worth $16,427,000 after buying an additional 382,419 shares during the period. Finally, Wedbush Securities Inc. acquired a new position in Viacom in the 4th quarter worth approximately $291,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

WARNING: “Deutsche Bank Increases Viacom (VIAB) Price Target to $33.00” was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2018/02/12/deutsche-bank-increases-viacom-viab-price-target-to-33-00.html.

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)

Receive News & Ratings for Viacom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply