Have Analysts Uncovered Value in Cable One, Inc. (:CABO)?

Cable One, Inc. (:CABO) currently has an Average Broker Rating of 2.67. This number is based on the 6 sell-side firms polled by Zacks. The ABR rank within the industry stands at 125.   

Analysts on a consensus basis are expecting that the stock will reach $921.25 within the year.  The ABR is provided by Zacks which simplfies analyst ratings into an integer based number. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. 

Research analysts study publicly traded companies and make recommendations on the securities of those companies. Most specialize in a particular industry or sector of the economy. They exert considerable influence in today’s marketplace. Analysts’ recommendations or reports can influence the price of a company’s stock—especially when the recommendations are widely disseminated through television appearances or through other electronic and print media. The mere mention of a company by a popular analyst can temporarily cause its stock to rise or fall—even when nothing about the company’s prospects or fundamentals has recently changed.

Analysts often use a variety of terms—buy, strong buy, near-term or long-term accumulate, near-term or long-term over-perform or under-perform, neutral, hold—to describe their recommendations. But the meanings of these terms can differ from firm to firm. Rather than make assumptions, investors should carefully read the definitions of all ratings used in each research report. They should also consider the firm’s disclosures regarding what percentage of all ratings fall into either “buy,” “hold/neutral,” and “sell” categories.

Many traders and investors opt to study technical analysis when approaching the stock market. Technical analysts study changes in stock price that occur over various amounts of time. Some analysts will study by the minute or hour. Others will choose to zoom out to days, weeks, months, or even longer. Studying price action over different time periods can help provide the investor with valuable information to help make the best possible investing decisions. Keeping an eye on the stock market, it can be seen that certain trends repeat over time. These trends or patterns might not be exact, but they can be noticeable. Spotting these patterns and watching for momentum shifts can be a highly useful tool for any trader or investor. Many chartists will focus on multiple indicators when doing technical analysis. Becoming familiar with indicators and learning to spot trends may take a lot of time and effort to achieve.   

Research analysts are predicting that Cable One, Inc. (:CABO) will report earnings of $7.9 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.

Cable One, Inc. (:CABO) closed the last session at $915 and sees an average of 27086 shares trade hands in each session. The 52-week low of the stock stands at $619 while the current level stands at 98.78% of the 52-week High-Low range. Looking further out we can see that the stock has moved 4.93% over the past 12 weeks and 11.57% year to date.

Most recently Cable One, Inc. (:CABO) posted quarterly earnings of $6.7 which compared to the sell-side estimates of 8.04. The stock’s 12-month trailing earnings per share stands at $27.21. Shares have moved $8.19 over the past month and more recently, $3.47 over the past week heading into the earnings announcement. There are 3 analyst projections that were taken into consideration from respected brokerage firms.

Investors will most likely be looking ahead to the next round of company earnings reports. As the reports come in, all eyes will be on the companies that post wide margin earnings beats or misses. Many investors will be closely tracking which way analyst estimates are being adjusted right before earnings. This may provide some insight on how good or bad the numbers for the quarter are likely to be. Investors might want to take a look at their holdings after the earnings reports to make sure that nothing extremely odd is occurring after crunching the numbers.

2 analysts rate Cable One, Inc. a Buy or Strong Buy, which is 33.33% of all the analyst ratings.