Bank of America Raises Viasat (NASDAQ:VSAT) Price Target to $28.00

Viasat (NASDAQ:VSATGet Free Report) had its price objective upped by analysts at Bank of America from $24.00 to $28.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. Bank of America‘s target price would suggest a potential upside of 77.22% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Viasat from $23.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday. Needham & Company LLC dropped their price target on shares of Viasat from $35.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Finally, Barclays dropped their price target on shares of Viasat from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Viasat has a consensus rating of “Hold” and a consensus price target of $28.17.

Check Out Our Latest Research Report on VSAT

Viasat Stock Up 0.7 %

Viasat stock opened at $15.80 on Thursday. The stock has a market capitalization of $1.98 billion, a PE ratio of -1.80 and a beta of 1.31. Viasat has a twelve month low of $13.80 and a twelve month high of $47.35. The company has a quick ratio of 2.44, a current ratio of 2.68 and a debt-to-equity ratio of 1.41. The company has a 50 day moving average of $16.85 and a 200-day moving average of $20.30.

Institutional Trading of Viasat

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Treasurer of the State of North Carolina lifted its holdings in shares of Viasat by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 51,832 shares of the communications equipment provider’s stock worth $1,449,000 after acquiring an additional 500 shares during the period. VisionPoint Advisory Group LLC lifted its holdings in shares of Viasat by 1.2% during the 4th quarter. VisionPoint Advisory Group LLC now owns 50,290 shares of the communications equipment provider’s stock worth $1,406,000 after acquiring an additional 597 shares during the period. Entropy Technologies LP lifted its holdings in shares of Viasat by 5.7% during the 1st quarter. Entropy Technologies LP now owns 13,137 shares of the communications equipment provider’s stock worth $238,000 after acquiring an additional 707 shares during the period. Signaturefd LLC lifted its stake in Viasat by 303.6% in the 4th quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 759 shares during the last quarter. Finally, Hanson & Doremus Investment Management lifted its stake in Viasat by 24.0% in the 1st quarter. Hanson & Doremus Investment Management now owns 5,216 shares of the communications equipment provider’s stock valued at $94,000 after purchasing an additional 1,009 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Viasat Company Profile

(Get Free Report)

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.

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Analyst Recommendations for Viasat (NASDAQ:VSAT)

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