Paramount Global (NASDAQ:PARA) Receives $12.09 Average PT from Analysts

Shares of Paramount Global (NASDAQ:PARA) have been assigned an average recommendation of “Reduce” from the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $12.09.

A number of equities research analysts have issued reports on PARA shares. Deutsche Bank Aktiengesellschaft cut shares of Paramount Global from a “buy” rating to a “hold” rating and set a $12.00 price target for the company. in a report on Wednesday, April 2nd. StockNews.com started coverage on Paramount Global in a report on Monday, April 7th. They issued a “hold” rating on the stock. Morgan Stanley upped their price target on Paramount Global from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Tuesday, February 4th. Benchmark restated a “buy” rating and issued a $19.00 price objective on shares of Paramount Global in a research note on Thursday, February 27th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Paramount Global in a research note on Thursday, February 27th.

Institutional Trading of Paramount Global

Several institutional investors have recently bought and sold shares of the stock. Allworth Financial LP lifted its holdings in shares of Paramount Global by 140.1% during the fourth quarter. Allworth Financial LP now owns 2,391 shares of the company’s stock valued at $25,000 after acquiring an additional 1,395 shares during the period. Mattson Financial Services LLC bought a new position in Paramount Global during the 4th quarter valued at about $28,000. Ossiam boosted its position in Paramount Global by 57.2% in the fourth quarter. Ossiam now owns 2,810 shares of the company’s stock valued at $29,000 after buying an additional 1,022 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in Paramount Global in the fourth quarter valued at about $31,000. Finally, Rakuten Securities Inc. increased its holdings in shares of Paramount Global by 187.8% during the fourth quarter. Rakuten Securities Inc. now owns 3,094 shares of the company’s stock worth $32,000 after buying an additional 2,019 shares in the last quarter. Institutional investors and hedge funds own 73.00% of the company’s stock.

Paramount Global Stock Performance

Shares of NASDAQ PARA opened at $10.69 on Monday. The business’s 50-day simple moving average is $11.36 and its 200-day simple moving average is $10.95. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. Paramount Global has a 52 week low of $9.54 and a 52 week high of $14.54. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of -1.30, a P/E/G ratio of 1.68 and a beta of 1.31.

Paramount Global (NASDAQ:PARA) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.29). The firm had revenue of $7.98 billion during the quarter, compared to the consensus estimate of $8.07 billion. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. As a group, equities research analysts expect that Paramount Global will post 1.77 earnings per share for the current fiscal year.

Paramount Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were issued a $0.05 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.87%. Paramount Global’s payout ratio is presently -2.15%.

About Paramount Global

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.