Cable One Inc (CABO) Given Consensus Rating of “Hold” by Brokerages

Cable One Inc (NYSE:CABO) has been assigned an average rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $1,043.75.

CABO has been the subject of a number of research reports. SunTrust Banks reiterated a “hold” rating and issued a $905.00 price target on shares of Cable One in a research note on Thursday, February 28th. They noted that the move was a valuation call. KeyCorp reiterated an “overweight” rating and issued a $1,115.00 price target (up from $1,025.00) on shares of Cable One in a research note on Thursday, February 28th. They noted that the move was a valuation call. Zacks Investment Research downgraded Cable One from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Raymond James reiterated a “hold” rating on shares of Cable One in a research note on Thursday, February 28th. Finally, B. Riley lifted their price target on Cable One from $990.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, March 1st.

A number of hedge funds have recently modified their holdings of CABO. Loeb Partners Corp acquired a new position in Cable One in the fourth quarter valued at approximately $39,000. Hanseatic Management Services Inc. acquired a new position in Cable One in the fourth quarter valued at approximately $106,000. First Hawaiian Bank boosted its stake in Cable One by 512.0% in the fourth quarter. First Hawaiian Bank now owns 153 shares of the company’s stock valued at $125,000 after acquiring an additional 128 shares during the period. Advisor Group Inc. boosted its stake in Cable One by 26.6% in the fourth quarter. Advisor Group Inc. now owns 176 shares of the company’s stock valued at $145,000 after acquiring an additional 37 shares during the period. Finally, Parametrica Management Ltd acquired a new position in Cable One in the third quarter valued at approximately $204,000. Institutional investors own 78.44% of the company’s stock.

Shares of Cable One stock traded up $2.43 during trading hours on Friday, hitting $942.19. 1,093 shares of the company’s stock traded hands, compared to its average volume of 44,724. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.38 and a quick ratio of 2.38. The company has a market capitalization of $5.33 billion, a PE ratio of 32.80 and a beta of 0.49. Cable One has a twelve month low of $597.40 and a twelve month high of $970.00.

Cable One (NYSE:CABO) last announced its earnings results on Wednesday, February 27th. The company reported $7.34 earnings per share for the quarter, missing the consensus estimate of $8.04 by ($0.70). The business had revenue of $269.90 million for the quarter, compared to analyst estimates of $270.53 million. Cable One had a net margin of 15.36% and a return on equity of 22.44%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.20 earnings per share. On average, equities analysts expect that Cable One will post 34.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 19th were paid a $2.00 dividend. The ex-dividend date was Friday, February 15th. This represents a $8.00 dividend on an annualized basis and a yield of 0.85%. Cable One’s dividend payout ratio (DPR) is 27.81%.

Cable One Company Profile

Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.

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Analyst Recommendations for Cable One (NYSE:CABO)

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