Cable One (NYSE:CABO) Given New $785.00 Price Target at JPMorgan Chase & Co.

Cable One (NYSE:CABO – Get Rating) had its price objective lowered by analysts at JPMorgan Chase & Co. from $800.00 to $785.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 13.67% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Cowen lowered their target price on shares of Cable One from $1,050.00 to $950.00 and set a “market perform” rating on the stock in a report on Friday, February 24th. Raymond James decreased their target price on Cable One from $1,200.00 to $900.00 and set an “outperform” rating for the company in a report on Friday, February 24th. KeyCorp cut their target price on Cable One from $1,300.00 to $1,275.00 and set an “overweight” rating on the stock in a research note on Friday, February 24th. Finally, Wells Fargo & Company downgraded Cable One from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $850.00 to $680.00 in a research note on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $1,105.71.

Cable One Stock Down 0.2 %

Shares of NYSE:CABO opened at $690.61 on Monday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.42 and a current ratio of 1.42. Cable One has a 52-week low of $620.57 and a 52-week high of $1,576.49. The company has a market capitalization of $4.01 billion, a PE ratio of 19.13 and a beta of 0.81. The company has a fifty day moving average of $754.15 and a 200-day moving average of $845.62.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. 1832 Asset Management L.P. acquired a new stake in shares of Cable One in the 1st quarter valued at about $58,000. Wipfli Financial Advisors LLC acquired a new position in shares of Cable One during the 3rd quarter worth $38,000. Lam Group Inc. bought a new position in Cable One in the 4th quarter worth $36,000. First Horizon Advisors Inc. increased its holdings in shares of Cable One by 218.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 51 shares of the company’s stock worth $43,000 after purchasing an additional 35 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Cable One by 39.1% during the 4th quarter. Parallel Advisors LLC now owns 64 shares of the company’s stock valued at $46,000 after acquiring an additional 18 shares in the last quarter. 90.08% of the stock is currently owned by institutional investors and hedge funds.

Cable One Company Profile

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Cable One, Inc engages in the provision of data, video, and voice services to residential and business customers. It provides consumers with an array of communications and entertainment services, including Internet and wireless fiber solutions, cable television and phone service under the brand name Sparklight.