Brokerages Set ViacomCBS Inc. (NASDAQ:VIAC) PT at $46.94


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ViacomCBS Inc. (NASDAQ:VIAC) has been assigned a consensus rating of “Hold” from the twenty-six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $48.16.

VIAC has been the subject of a number of research analyst reports. Cowen upped their target price on ViacomCBS from $39.00 to $46.00 and gave the stock a “market perform” rating in a research report on Monday, March 1st. UBS Group downgraded ViacomCBS from a “neutral” rating to a “sell” rating and set a $29.00 price objective for the company. in a research report on Monday, February 8th. TheStreet upgraded ViacomCBS from a “c+” rating to a “b” rating in a research report on Wednesday, February 24th. Deutsche Bank Aktiengesellschaft downgraded ViacomCBS from a “hold” rating to a “sell” rating in a research report on Thursday, February 4th. They noted that the move was a valuation call. Finally, Needham & Company LLC increased their price objective on ViacomCBS from $55.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, March 3rd.

In other ViacomCBS news, Director Linda M. Griego sold 6,000 shares of the company’s stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $64.51, for a total transaction of $387,060.00. Following the completion of the sale, the director now directly owns 39,230 shares in the company, valued at $2,530,727.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard M. Jones sold 40,285 shares of the company’s stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $80.62, for a total transaction of $3,247,776.70. Following the sale, the executive vice president now owns 28,217 shares of the company’s stock, valued at $2,274,854.54. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Auxier Asset Management boosted its holdings in ViacomCBS by 1.2% during the fourth quarter. Auxier Asset Management now owns 12,236 shares of the company’s stock valued at $456,000 after acquiring an additional 141 shares during the period. Federated Hermes Inc. boosted its holdings in ViacomCBS by 19.4% during the fourth quarter. Federated Hermes Inc. now owns 1,165 shares of the company’s stock valued at $43,000 after acquiring an additional 189 shares during the period. Carret Asset Management LLC lifted its stake in shares of ViacomCBS by 2.6% in the fourth quarter. Carret Asset Management LLC now owns 7,941 shares of the company’s stock valued at $296,000 after buying an additional 200 shares during the period. Captrust Financial Advisors lifted its stake in shares of ViacomCBS by 2.5% in the fourth quarter. Captrust Financial Advisors now owns 9,027 shares of the company’s stock valued at $339,000 after buying an additional 218 shares during the period. Finally, Ellevest Inc. lifted its stake in shares of ViacomCBS by 5.8% in the fourth quarter. Ellevest Inc. now owns 4,044 shares of the company’s stock valued at $151,000 after buying an additional 222 shares during the period. Institutional investors own 80.47% of the company’s stock.

VIAC opened at $43.89 on Monday. The company has a market capitalization of $27.19 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 1.06 and a beta of 1.79. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.69 and a quick ratio of 1.45. ViacomCBS has a 1-year low of $14.39 and a 1-year high of $101.97. The business has a 50 day moving average price of $69.80 and a two-hundred day moving average price of $44.96.

ViacomCBS (NASDAQ:VIAC) last released its earnings results on Wednesday, February 24th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.95 billion. ViacomCBS had a return on equity of 18.58% and a net margin of 5.22%. During the same period in the prior year, the firm posted $0.97 earnings per share. Equities analysts expect that ViacomCBS will post 4.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Monday, March 15th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.19%. The ex-dividend date was Friday, March 12th. ViacomCBS’s payout ratio is 19.16%.

ViacomCBS Company Profile

ViacomCBS, Inc operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films as well as the Company’s digital streaming services, CBS All Access and CBSN.

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Analyst Recommendations for ViacomCBS (NASDAQ:VIAC)

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