Maxim Group Starts Viacom (VIAB) at Buy; Is a Leveraged Buyout Possible?
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Price: $24.22 --0%
Rating Summary:
19 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
19 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Maxim Group initiates coverage on Viacom (NASDAQ: VIAB) with a Buy. PT $59.00.
Analyst, Nirav Modi, said, "VIAB stock seems to have underperformed since being spun out alongside CBS as operating income/share has increased 9% CAGR (2006 to FY11) but the stock has only increased at ~3% CAGR (2006 to today)...Strong forecast operating income per share growth of 17% CAGR over the next four years to FY15 as share buybacks leverage operating income growth of 6% CAGR...Viacom is buying back another 10% of its stock this year, after buying back 11% over the last two years as it continues to be financially disciplined instead of pursuing acquisitions. We estimate that the company could buy back 36% of its stock back over the next four years and is well placed to be even more aggressive."
For an analyst ratings summary and ratings history on Viacom click here. For more ratings news on Viacom click here.
Shares of Viacom closed at $46.39 yesterday.
Analyst, Nirav Modi, said, "VIAB stock seems to have underperformed since being spun out alongside CBS as operating income/share has increased 9% CAGR (2006 to FY11) but the stock has only increased at ~3% CAGR (2006 to today)...Strong forecast operating income per share growth of 17% CAGR over the next four years to FY15 as share buybacks leverage operating income growth of 6% CAGR...Viacom is buying back another 10% of its stock this year, after buying back 11% over the last two years as it continues to be financially disciplined instead of pursuing acquisitions. We estimate that the company could buy back 36% of its stock back over the next four years and is well placed to be even more aggressive."
For an analyst ratings summary and ratings history on Viacom click here. For more ratings news on Viacom click here.
Shares of Viacom closed at $46.39 yesterday.
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