Paramount Global (NASDAQ:PARA – Get Rating) has been given an average recommendation of “Hold” by the twenty-four analysts that are presently covering the stock, MarketBeat reports. Ten analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $22.45.
A number of equities research analysts have recently issued reports on PARA shares. Bank of America raised shares of Paramount Global from a “neutral” rating to a “buy” rating and boosted their target price for the company from $24.00 to $32.00 in a research report on Tuesday, March 28th. Rosenblatt Securities reissued a “sell” rating and issued a $13.00 target price on shares of Paramount Global in a research report on Wednesday, March 22nd. Needham & Company LLC boosted their target price on shares of Paramount Global from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 17th. Loop Capital cut shares of Paramount Global from a “hold” rating to a “sell” rating and reduced their target price for the company from $30.00 to $14.00 in a research report on Friday, December 23rd. Finally, StockNews.com began coverage on shares of Paramount Global in a research report on Thursday, March 16th. They issued a “sell” rating for the company.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. acquired a new position in shares of Paramount Global in the third quarter valued at approximately $1,095,014,000. BlackRock Inc. acquired a new position in shares of Paramount Global in the third quarter valued at approximately $773,643,000. State Street Corp acquired a new position in shares of Paramount Global in the third quarter valued at approximately $633,173,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Paramount Global in the third quarter valued at approximately $204,640,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Paramount Global in the third quarter valued at approximately $112,712,000. Institutional investors and hedge funds own 74.13% of the company’s stock.
Paramount Global Trading Down 3.3 %
PARA stock opened at $22.13 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.23 and a quick ratio of 1.11. The company has a fifty day moving average price of $21.91 and a two-hundred day moving average price of $19.99. Paramount Global has a one year low of $15.29 and a one year high of $36.98. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 3.78 and a beta of 1.64.
Paramount Global (NASDAQ:PARA – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). Paramount Global had a return on equity of 5.03% and a net margin of 3.66%. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same period last year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts anticipate that Paramount Global will post 0.65 EPS for the current year.
Paramount Global Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Monday, March 20th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend was Friday, March 17th. Paramount Global’s payout ratio is 60.00%.
Paramount Global Company Profile
Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through the following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films, as well as the company’s digital streaming services, CBS All Access and CBSN.