Cable One, Inc. (NYSE:CABO) Receives $91.50 Average Price Target from Analysts

Shares of Cable One, Inc. (NYSE:CABO) have been assigned a consensus recommendation of “Reduce” from the six brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $91.50.

A number of research analysts have weighed in on CABO shares. BNP Paribas Exane upgraded Cable One from an “underperform” rating to a “neutral” rating and decreased their price target for the company from $60.00 to $40.00 in a research note on Tuesday, July 14th. Zacks Research upgraded Cable One from a “strong sell” rating to a “hold” rating in a research note on Friday, July 3rd. TD Cowen cut their price objective on Cable One from $142.00 to $111.00 and set a “hold” rating for the company in a report on Friday, May 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a research note on Friday, July 17th. Finally, Wells Fargo & Company decreased their target price on shares of Cable One from $90.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, May 1st.

Cable One Stock Up 0.9%

Shares of Cable One stock opened at $37.51 on Thursday. The firm has a market cap of $212.69 million, a PE ratio of -0.64 and a beta of 0.53. The business’s 50 day simple moving average is $45.29 and its 200 day simple moving average is $77.08. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.75 and a current ratio of 1.75. Cable One has a 52-week low of $33.38 and a 52-week high of $180.74.

Cable One (NYSE:CABO) last released its quarterly earnings results on Thursday, April 30th. The company reported $6.12 earnings per share for the quarter, missing analysts’ consensus estimates of $7.77 by ($1.65). The firm had revenue of $352.96 million for the quarter, compared to analyst estimates of $359.59 million. Cable One had a positive return on equity of 5.36% and a negative net margin of 21.94%. On average, analysts predict that Cable One will post 29.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cable One

Several large investors have recently modified their holdings of CABO. Pacer Advisors Inc. acquired a new stake in Cable One during the 1st quarter worth approximately $3,395,000. Renaissance Technologies LLC grew its holdings in Cable One by 18.5% in the 1st quarter. Renaissance Technologies LLC now owns 53,900 shares of the company’s stock valued at $4,916,000 after buying an additional 8,400 shares in the last quarter. Fifth Third Bancorp increased its position in Cable One by 3,100.0% during the 1st quarter. Fifth Third Bancorp now owns 1,120 shares of the company’s stock worth $102,000 after buying an additional 1,085 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Cable One during the first quarter worth $294,000. Finally, Lee Danner & Bass Inc. lifted its holdings in shares of Cable One by 218.7% during the first quarter. Lee Danner & Bass Inc. now owns 21,350 shares of the company’s stock worth $1,947,000 after buying an additional 14,650 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Cable One Company Profile

Cable One, Inc (NYSE:CABO) is an American provider of broadband communications services, offering a suite of residential and business solutions over a hybrid fiber-coaxial network. The company delivers high-speed internet access, digital video, voice communications and mobile services, alongside advanced managed Wi-Fi and cybersecurity tools. Cable One’s infrastructure supports both traditional cable offerings and converged IP-based platforms designed to meet evolving customer needs.

In addition to consumer-focused services, Cable One caters to small and medium-sized enterprises with dedicated business-class connectivity, Ethernet solutions and cloud-based voice applications.