BMO Capital Markets raised the price target for the ViacomCBS Inc. (NASDAQ:VIAC) stock from “a Market perform” to “an Underperform”. The rating was released on March 15, 2021. We previously noted in another research note published on February 25, 2021 by Loop Capital that downgraded the stock from a Buy to a Hold for VIAC stock. The research report from UBS has downgraded the stock from Neutral to Sell, with a price target set at $29. The stock was downgraded by Wolfe Research, who disclosed in a research note on February 04, 2021, from Outperform to Peer Perform. In their research brief published February 04, 2021, Deutsche Bank analysts downgraded the ViacomCBS Inc. stock from Hold to Sell.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $1.04 during the last quarter as opposed to a consensus estimate of $1.01, which indicates the company beat its estimate by $0.03, which implies that the company surprised the market by 3.00%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is $1.15. This is an average of 20 analysts’ earnings, where the high earnings per share estimate is $1.29 and the low earnings per share estimate is $0.98. According to 20 analyst estimates, an average revenue estimate of $7.3B is projected for the current quarter with a high revenue estimate of $7.72B and a low estimate of $6.93B.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of ViacomCBS Inc. (NASDAQ:VIAC) dipped -23.18% to close Wednesday’s market session at $70.10, lower as compared to yesterday’s close. The stock price fluctuated between $70.00 and $85.00 throughout the trading session with the volume trading being 88628030 shares, which represented a significant variation when compared to the three months average volume of 18.55 million shares. The firm’s stock price fluctuated -24.08% within the last five trades and 8.90% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 138.39% in the last 6 months and 101.15% was added to its value over the previous 3 months. VIAC stock is trading at a margin of -14.69%, 9.15% and 84.94% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, VIAC deals in the Communication Services domain. The stock is trading -31.25 percent below its 52-week high and 491.56 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 425.96. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does ViacomCBS Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 15.90 percent and the profit margin is 9.60 percent, and the company has reported a gross margin of 41.30 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $43.17 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for ViacomCBS Inc. (NASDAQ:VIAC) is 18.80. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 16.60. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.71 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.82, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.20 percent of ViacomCBS Inc. shares are owned by insiders, and 94.30 percent are held by financial institutions. Lea DeDe, the EVP, Pub Pol’y & Gov Relations at ViacomCBS Inc. (VIAC) has sold 23,099 shares of firm on Mar 11 at a price of $86.70 against the total amount of $2.0 million. In another inside trade, Jones Richard M, EVP, General Tax Counsel of ViacomCBS Inc. (NASDAQ:VIAC) sold 40,285 shares of the firm on Mar 10 for a total worth of $3.25 million at a price of $80.62. An inside trade which took place on Mar 03, EVP, Chief Comms & Corp Mktg of ViacomCBS Inc. Phelps Julia sold 1,523 shares of firm against total price of $0.11 million at the cost of $70.82 per share.