Is This Just A Random Move? – Nabors Industries Ltd. (NBR), ViacomCBS Inc. (VIAC)

You should consider shares of Nabors Industries Ltd. (NYSE:NBR) and ViacomCBS Inc. (NASDAQ:VIAC) if you are looking for a great stocks to invest in. Starting with the NBR shares, which traded at $2.92 at the close of the recent session, dropping -3.31%. On Wednesday, the company’s shares shed -$0.1 from its value which represented in intraday trading. The stock is now 1.39% higher in year-to-date (YTD) trading. NBR’s intraday high was $3.08 while its lowest price touched $2.89. The stock’s 52-week high price is $4.08, which means the current price is at -28.43%. In terms of trading activity, the daily trading volume fell to 6689900 against 200-day average trading volume of 11,199,815 shares.

What are analyst forecasts for Nabors Industries Ltd. (NYSE:NBR)?

At a consensus rating of 2.87, NBR is trending as a streaking Hold, as it has been the case a month ago when 15 analysts called it a Hold. Two months ago, 15 analysts recommended, on average, that NBR stock is a Hold. The Basic Materials company’s shares’ overall bearish trend saw it close higher on Wednesday compared to its opening price of $2.98 on the day.

Forecasts for Nabors Industries Ltd. (NYSE:NBR) give the stock a fair value for the growth of 2.67% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $3.00, which means the price per share could rise by nearly $0.08. The price range target is between a low of $1.00 and a high of $5.00. The stock would need to gain by about $41.6 to hit the estimated high or 0.51% from its 12-month low.

The consensus among 24 analysts is that it is a good time for one to Hold in the Nabors Industries Ltd. 6 analysts rate NBR as a Buy, with 2 of 24 analysts rate it as a Sell. 2 have valued the stock as Overweight and 13 have recommended that investors Hold.

Nabors Industries Ltd. (NYSE:NBR) Upgrades and Downgrades

In terms of rating changes, Bernstein on January 14, 2020, Initiated Nabors Industries Ltd. (NBR) at Underperform. They believe the stock could reach $1.50 in the near term. Analysts at Credit Suisse have assigned a Neutral rating for the stock in their research note on December 03, 2019. Moreover, Barclays analysts issued a rating of Overweight for the stock on September 26, 2019. On September 25, 2019, the stock earned a Sector Perform rating due to an analyst call from RBC Capital Mkts, while analysts from BofA/Merrill on August 28, 2019 suggested that the stock is Neutral.

ViacomCBS Inc. (NASDAQ:VIAC) adds -$0.64 on Wednesday

The VIAC stock has tanked -5.43% year-to-date and is currently trading at $39.69, which is -26.10% below its 52-week high. The company shares lost -1.59% on the day and have risen nearly 13.34% off a low hit. At current levels, ViacomCBS Inc. has a valuation of about $15.30B. As of 01/15/20, this stock has fallen -5.21% during the week and closed at $40.33 in the previous session. However, recent ViacomCBS Inc. stock performance shows that VIAC shares are 2.72% up over the last month, and 4.26% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $1.52, with the trailing 12-month share earnings at $7.71. The ratio is expected to be up by 6.70% for the current year 2019 and 10.50% for next year. Over the next 5-year period, earnings per share will be 9.85%. But will the VIAC stock surprise in the current quarter results, where the $0.95 actual EPS reported on 9/29/2019 surprised by 4.40% or was higher by $0.04 from the estimated $0.91.

Sales Growth to climb 5.30% for the year

How well will ViacomCBS Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $7.25B and $7.57B in current quarter sales. The consensus estimated for the current quarter is $7.41B from sales. Forecasts for this fiscal year are between $28.07B and $28.59B and the consensus estimate for sales is at $28.38B. VIAC has its next quarter sales estimates at between $6.92B and $7.38B, with the quarter-over-quarter growth estimates at 67.40% and the annual growth forecast for the year at 5.30%.

Who owns shares in ViacomCBS Inc. (VIAC)?

Let’s briefly focus on the share ownership of the ViacomCBS Inc. (NASDAQ:VIAC) stock, where we find that 53.28% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 30.69 million shares or 8.72% of shares outstanding. Blackrock Inc. and State Street Corporation held 22.18 million and 19.63 million representing 6.30% and 5.58% respectively at the close of the last trading session. As of Sep 29, 2019, Capital World Investors accounted for 19.58 million shares at over 790.28 million. This represented 5.56% of shares outstanding. Baupost Group, Inc,.(The) LLC held 12.0 million shares at over 484.44 million representing 3.41% of shares outstanding.