KeyCorp Lowers Cable One (NYSE:CABO) Price Target to $1,110.00

Cable One (NYSE:CABO) had its price objective lowered by investment analysts at KeyCorp from $1,175.00 to $1,110.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective indicates a potential upside of 86.28% from the company’s previous close. KeyCorp also issued estimates for Cable One’s Q4 2023 earnings at $13.35 EPS, Q1 2024 earnings at $13.07 EPS, Q2 2024 earnings at $13.44 EPS, Q3 2024 earnings at $13.87 EPS, Q4 2024 earnings at $14.50 EPS and FY2024 earnings at $54.88 EPS.

Other research analysts have also issued research reports about the company. StockNews.com began coverage on Cable One in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Raymond James reduced their price objective on Cable One from $900.00 to $825.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $868.00.

Cable One Stock Up 5.9 %

Shares of NYSE:CABO opened at $595.88 on Friday. Cable One has a 52-week low of $520.05 and a 52-week high of $861.89. The firm has a market capitalization of $3.35 billion, a P/E ratio of 34.79 and a beta of 0.92. The stock has a 50 day moving average price of $617.55 and a 200-day moving average price of $653.55. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.62 and a current ratio of 1.62.

Cable One (NYSE:CABO) last announced its earnings results on Thursday, August 3rd. The company reported $10.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $13.27 by ($2.84). Cable One had a return on equity of 13.47% and a net margin of 6.25%. The firm had revenue of $424.02 million during the quarter, compared to the consensus estimate of $422.41 million. As a group, equities research analysts anticipate that Cable One will post 49.28 EPS for the current fiscal year.

Institutional Trading of Cable One

A number of institutional investors and hedge funds have recently modified their holdings of the business. Markel Group Inc. increased its holdings in shares of Cable One by 41.2% in the 3rd quarter. Markel Group Inc. now owns 37,700 shares of the company’s stock worth $23,210,000 after purchasing an additional 11,000 shares in the last quarter. Autumn Glory Partners LLC increased its holdings in shares of Cable One by 27.7% in the 3rd quarter. Autumn Glory Partners LLC now owns 530 shares of the company’s stock worth $326,000 after purchasing an additional 115 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. increased its holdings in shares of Cable One by 8.5% in the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 14,383 shares of the company’s stock worth $8,855,000 after purchasing an additional 1,124 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of Cable One by 5.0% in the 3rd quarter. Inspire Investing LLC now owns 502 shares of the company’s stock worth $309,000 after purchasing an additional 24 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new stake in shares of Cable One in the 3rd quarter worth $419,000. Institutional investors own 98.60% of the company’s stock.

Cable One Company Profile

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.