In a report released yesterday, James Goss from Barrington maintained a Buy rating on Viacom Inc (VIAB), with a price target of $35. The company’s shares closed yesterday at $28.91.
Goss observed:
“We see the potential for Paramount to return to historical overall levels of annual profitability at about $300-350 million en route to greater success.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 10.6% and a 62.1% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and Sirius XM Holdings Inc.
Viacom Inc has an analyst consensus of Moderate Buy, with a price target consensus of $34.20.
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Viacom Inc’s market cap is currently $11.65B and has a P/E ratio of 7.77. The company has a Price to Book ratio of 1.52.
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Viacom, Inc. is a global entertainment content company, which connects with audiences through compelling television programs, motion pictures, short-form video, applications, games, brands for consumer products, social media and other entertainment content. It operates business through Media Networks and Filmed Entertainment segments.
