Moffett Nathanson Analysts Give Viacom (NASDAQ:VIAB) a $34.00 Price Target

Viacom (NASDAQ:VIAB) has been assigned a $34.00 price target by investment analysts at Moffett Nathanson in a research note issued on Monday, TipRanks reports. The brokerage currently has a “hold” rating on the stock. Moffett Nathanson’s price target would indicate a potential upside of 29.67% from the stock’s current price.

Several other research firms also recently commented on VIAB. BMO Capital Markets cut their price objective on shares of Viacom from $34.00 to $33.00 and set a “market perform” rating for the company in a report on Thursday, May 16th. Guggenheim reissued a “buy” rating on shares of Viacom in a report on Wednesday, September 4th. Sanford C. Bernstein lowered their target price on shares of Viacom from $27.00 to $21.00 and set an “underperform” rating on the stock in a report on Tuesday, September 3rd. TheStreet downgraded Viacom from a “b-” rating to a “c+” rating in a research report on Tuesday, August 27th. Finally, Macquarie lowered Viacom from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $37.00 to $31.00 in a report on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.31.

NASDAQ VIAB traded down $0.32 during trading on Monday, hitting $26.22. 5,237,204 shares of the company’s stock traded hands, compared to its average volume of 4,642,939. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.15 and a current ratio of 1.36. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 0.94 and a beta of 1.36. Viacom has a 12-month low of $23.31 and a 12-month high of $34.44. The business has a 50 day moving average of $27.54 and a 200-day moving average of $28.85.

Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, August 8th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.14. Viacom had a net margin of 12.68% and a return on equity of 21.71%. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the company earned $1.18 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. On average, analysts expect that Viacom will post 4.03 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in VIAB. Trust Co. of Vermont boosted its stake in Viacom by 514.7% during the second quarter. Trust Co. of Vermont now owns 836 shares of the company’s stock valued at $25,000 after buying an additional 700 shares during the period. Wealthcare Advisory Partners LLC grew its position in Viacom by 1,788.6% during the second quarter. Wealthcare Advisory Partners LLC now owns 1,322 shares of the company’s stock worth $39,000 after buying an additional 1,252 shares in the last quarter. Griffin Asset Management Inc. bought a new position in Viacom in the 2nd quarter worth about $39,000. CSat Investment Advisory L.P. increased its stake in Viacom by 55.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,529 shares of the company’s stock worth $45,000 after acquiring an additional 547 shares during the last quarter. Finally, Bremer Bank National Association purchased a new stake in shares of Viacom in the 1st quarter valued at about $50,000. 76.51% of the stock is currently owned by hedge funds and other institutional investors.

About Viacom

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

Featured Story: The limitations of an equal weight rating

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's FREE daily email newsletter.