Analysts Set Cable One, Inc. (NYSE:CABO) PT at $114.25

Cable One, Inc. (NYSE:CABO) has received a consensus rating of “Reduce” from the eight research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $114.25.

Several equities analysts recently commented on the stock. TD Cowen dropped their price objective on shares of Cable One from $260.00 to $142.00 and set a “hold” rating for the company in a research note on Friday, February 27th. Zacks Research downgraded shares of Cable One from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, January 21st. BNP Paribas Exane downgraded shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research note on Tuesday, February 24th. Finally, Wells Fargo & Company dropped their price objective on shares of Cable One from $107.00 to $90.00 and set an “underweight” rating for the company in a research note on Friday, February 27th.

Cable One Stock Performance

NYSE CABO opened at $116.10 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $658.26 million, a price-to-earnings ratio of -1.81 and a beta of 0.69. The firm’s 50 day simple moving average is $101.59 and its 200 day simple moving average is $114.52. Cable One has a 1 year low of $70.37 and a 1 year high of $277.55.

Cable One (NYSE:CABO) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $7.60 by ($8.95). The firm had revenue of $363.74 million for the quarter, compared to analyst estimates of $368.59 million. Cable One had a positive return on equity of 7.36% and a negative net margin of 23.74%. As a group, research analysts expect that Cable One will post 36.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cable One

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in Cable One by 180.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock valued at $25,000 after purchasing an additional 90 shares during the last quarter. Quarry LP lifted its stake in Cable One by 1,011.1% in the 3rd quarter. Quarry LP now owns 200 shares of the company’s stock valued at $35,000 after purchasing an additional 182 shares during the last quarter. Parallel Advisors LLC lifted its stake in Cable One by 2,288.9% in the 3rd quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock valued at $38,000 after purchasing an additional 206 shares during the last quarter. Quantbot Technologies LP bought a new position in Cable One in the 3rd quarter valued at approximately $39,000. Finally, Hantz Financial Services Inc. lifted its stake in Cable One by 107.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $45,000 after purchasing an additional 132 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

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.