ViacomCBS Inc. (NASDAQ:VIAC) does about 12.26M shares in volume on a normal day but saw 6766463 shares change hands in Monday trading. The company now has a market cap of 17.31B USD and an enterprise value of about $IAC/InterActiveCorp. Its current market price is $27.64, marking an increase of 4.26% compared to the previous close of $26.51. The 52 week high reached by this stock is $44.94 whilst the lowest price level in 52 weeks is $10.10. The script in recent trading has seen the stock touch a high of $27.67 and a low of $26.45.
ViacomCBS Inc. (VIAC) has a 20-day trading average at $26.43 and the current price is -38.49% off the 52-week high compared with 173.66% distance from its 52-week low. The 50-day simple moving average of the closing price is $24.90 and its 200-day simple moving average is $27.13. If we look at the stock’s price movements over the week, volatility stands at 3.62%, which increases to 4.33% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 62.90 to suggest the stock is neutral.
28 analysts observing the ViacomCBS Inc. (VIAC) stock have set the 12-month price targets for the company’s shares at between $14.60 and $36.00. The consensus objective for the share price is $22.48, suggesting that the stock has a potential downside of -22.95% over the period. The median price target is 1.29% away from the current levels at $28.00.
FactSet Research has provided data showing that 28 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 11 analysts have rated it as a buy and 15 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 13, 2020 when Goldman initiated the stock to “Buy” and issued a price target of $34. BofA Securities downgraded the stock to “Neutral” from Buy on July 13, 2020 at a price target of $25.
The current price level is 5.13%, 11.41%, and 1.72% away from its SMA20, SMA50, and SMA200 respectively, with the VIAC price moving above the 50-day SMA on August 24. ViacomCBS Inc. (VIAC) stock is up 1.51% over the week and 11.68% over the past month. Its price is -34.14% year-to-date and -33.25% over the past year.
The company’s next earnings report is expected on 10/29/2020, with forecasts estimating quarterly EPS at $IAC/InterActiveCorp and $Communication Services for whole year.
Its 12-month price target is $28.00. To reach the target analysts have set, the stock logically needs to shrink -22.95 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $14.60, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $36.00.
The company has a return on investment of 13.10% and return on equity of 20.20%. The price to earnings ratio (P/E ratio) amounts to 7.07 while the forward price to earnings ratio is 6.07. The beta has a value of 1.88. Price to book ratio is 1.23 and price to sales ratio is 0.53.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in ViacomCBS Inc. (VIAC) to 15,548,375 shares, mirroring a recent drop by -0.29%. Vanguard Total Stock Market Index dumped 45666.0 shares of ViacomCBS Inc. common stock bringing its total worth to about $405.35 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Mid Cap Index Fund, which sold off -0.11 million shares to end up with 13,240,417 shares worth $345.18 million. Vanguard 500 Index Fund cut their holdings by -0.61% in the company over the course of the most recent quarter. It now holds a 1.98% position in ViacomCBS Inc. thanks to 11.15 million shares amounting to $290.69 million.