Viacom (VIAB) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of Viacom (NASDAQ:VIAB) from a hold rating to a buy rating in a research report sent to investors on Friday.

Several other brokerages also recently issued reports on VIAB. Piper Jaffray Companies reissued a hold rating and set a $40.00 target price on shares of Viacom in a research note on Tuesday, September 26th. Barclays set a $37.00 target price on Viacom and gave the company an equal weight rating in a research note on Friday, August 4th. Wells Fargo & Company downgraded Viacom from an outperform rating to a market perform rating in a research note on Tuesday, September 5th. Jefferies Group reissued a buy rating and set a $43.00 target price (down previously from $52.00) on shares of Viacom in a research note on Wednesday, August 9th. Finally, Loop Capital cut their price target on Viacom from $32.00 to $27.00 and set a hold rating for the company in a report on Friday, November 17th. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $36.62.

Shares of Viacom (NASDAQ VIAB) opened at $29.18 on Friday. The stock has a market capitalization of $11,424.10, a P/E ratio of 7.53, a P/E/G ratio of 1.00 and a beta of 1.60. Viacom has a 12 month low of $22.13 and a 12 month high of $46.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55.

Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.09). The business had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.23 billion. Viacom had a net margin of 14.13% and a return on equity of 28.95%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $1.54 EPS. equities analysts forecast that Viacom will post 3.78 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Thursday, December 14th. Viacom’s dividend payout ratio (DPR) is 17.13%.

Institutional investors have recently made changes to their positions in the company. Johnson Financial Group Inc. purchased a new position in shares of Viacom in the 2nd quarter worth approximately $108,000. First Personal Financial Services boosted its holdings in shares of Viacom by 5.9% in the 2nd quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after purchasing an additional 182 shares during the period. First Mercantile Trust Co. boosted its holdings in shares of Viacom by 1.6% in the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after purchasing an additional 54 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Viacom by 13.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after purchasing an additional 423 shares during the period. Finally, Boston Private Wealth LLC boosted its holdings in shares of Viacom by 1.8% in the 2nd quarter. Boston Private Wealth LLC now owns 6,093 shares of the company’s stock worth $205,000 after purchasing an additional 108 shares during the period. Hedge funds and other institutional investors own 79.26% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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