Economy

Viacom's (NASDAQ:VIAB) "Buy" Rating Reiterated at Guggenheim

Another important element to consider is the price target and recommendations from brokerage firm analysts. Morgan Stanley decreased their target price on Viacom from $42.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday. Fifth Third Bancorp now owns 2,616 shares of the company's stock valued at $122,000 after purchasing an additional 225 shares during the period. Finally, Wells Fargo & Company downgraded shares of Viacom from an outperform rating to a market perform rating in a report on Tuesday, September 5th. Zacks Investment Research cut Viacom from a hold rating to a strong sell rating in a report on Tuesday, October 3rd. Viacom now has a consensus rating of Hold and a consensus target price of $39.92.

Viacom, Inc. (VIAB) ended its previous trading session at $26.26 with the Gain of 1%. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 7.13% with $360.61 Million sitting short, betting on future declines. The firm's 50 day moving average is $27.44 and its 200 day moving average is $34.04. The stock touched 52-week High of $46.72 on 03/31/17 and 52-week Low of $23.45 on 10/12/17. (VIAB) now trades with a market capitalization of $10.27 Billion.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 3rd.

Viacom, Inc. (NASDAQ:VIAB) reported its EPS in the last quarter as $1.17/Share beating the analyst estimate of $1.05/Share by a difference of $0.12. Last quarter, the company saw 3.36 billion in total revenues. Viacom had a net margin of 11.04% and a return on equity of 30.89%. In contrast to the year ago quarter EPS was at 0.93. According to their predictions high & low revenue estimates are 3.34 Billion and 3.1 Billion respectively. According to the Analysts, the Low Earnings estimate for the current quarter is $0.55, while the High earnings estimate is $0.98.Comparatively, EPS for the same quarter a year ago was $0.9.

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The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a $0.20 dividend. The ex-dividend date was Thursday, September 14th.

Tracking other technical indicators, the 14-day RSI is presently standing at 43.33, the 7-day sits at 48.36, and the 3-day is resting at 65.05 for Viacom Inc Cl B (VIAB). Viacom's payout ratio is 21.98%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. now owns 28,964,262 shares of the company's stock valued at $972,330,000 after purchasing an additional 6,496,269 shares during the period. State Street Corp raised its stake in Viacom by 1.4% during the 1st quarter. The return on assets stands at 6.3%, Return on Equity now is 30.8% and the Return on Investment value is 12.4%. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company's stock valued at $124,000 after purchasing an additional 423 shares during the period. Finally, Capital International Investors raised its position in Viacom by 19.1% during the 2nd quarter. Boston Private Wealth LLC now owns 6,093 shares of the company's stock valued at $205,000 after purchasing an additional 108 shares during the period.

It is interesting to note that Viacom, Inc.



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