Viacom Inc. (NASDAQ:VIAB)‘s stock had its “buy” rating reiterated by equities researchers at Guggenheim in a report issued on Friday. They currently have a $37.00 price objective on the stock, down from their previous price objective of $40.00. Guggenheim’s target price suggests a potential upside of 35.53% from the company’s current price.

Other analysts also recently issued research reports about the company. Zacks Investment Research raised Viacom from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Thursday, July 13th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $40.00 target price on shares of Viacom in a research report on Tuesday, September 26th. Barclays PLC set a $37.00 target price on Viacom and gave the company an “equal weight” rating in a research report on Friday, August 4th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $48.00 target price on shares of Viacom in a research report on Monday, June 12th. Finally, Wells Fargo & Company downgraded Viacom from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 5th. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Viacom presently has an average rating of “Hold” and an average price target of $41.17.

Shares of Viacom (VIAB) traded down 0.84% on Friday, reaching $27.07. The company’s stock had a trading volume of 363,706 shares. Viacom has a 1-year low of $26.65 and a 1-year high of $46.72. The company’s 50 day moving average is $28.00 and its 200-day moving average is $34.94. The stock has a market cap of $10.89 billion, a PE ratio of 7.45 and a beta of 1.57.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. On average, equities analysts predict that Viacom will post $3.86 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sentry Investment Management LLC increased its holdings in Viacom by 1.1% in the second quarter. Sentry Investment Management LLC now owns 26,322 shares of the company’s stock valued at $884,000 after purchasing an additional 290 shares during the period. Toronto Dominion Bank grew its holdings in Viacom by 27.2% during the 2nd quarter. Toronto Dominion Bank now owns 119,287 shares of the company’s stock worth $4,003,000 after acquiring an additional 25,521 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Viacom during the 2nd quarter worth about $795,000. Sterneck Capital Management LLC grew its holdings in Viacom by 25.7% during the 2nd quarter. Sterneck Capital Management LLC now owns 103,614 shares of the company’s stock worth $3,478,000 after acquiring an additional 21,181 shares during the period. Finally, Financial Partners Capital Management LLC grew its holdings in Viacom by 51.7% during the 2nd quarter. Financial Partners Capital Management LLC now owns 217,685 shares of the company’s stock worth $7,308,000 after acquiring an additional 74,205 shares during the period. Institutional investors and hedge funds own 79.18% of the company’s stock.

Viacom Company Profile

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.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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