CBS Corp () PT Raised to $68.00 (CBS)
B. Riley raised their target price on shares of CBS Corp () (NYSE:CBS) to $68.00 in a research note issued on Friday, StockRatingsNetwork.com reports. B. Riley’s target price indicates a potential upside of 16.36% from the company’s current price.
CBS has been the subject of a number of other recent research reports. Analysts at Hanson initiated coverage on shares of CBS Corp () in a research note to investors on Monday. They set a “neutral” rating on the stock. Separately, analysts at McLean Capital Management downgraded shares of CBS Corp () from a “neutral” rating to a “sell” rating in a research note to investors on Friday, October 11th. Finally, analysts at Morgan Stanley raised their price target on shares of CBS Corp () to $63.00 in a research note to investors on Wednesday, September 25th. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. CBS Corp () presently has a consensus rating of “Buy” and an average price target of $58.33.
Shares of CBS Corp (NYSE:CBS) opened at 58.44 on Friday. CBS Corp has a 52 week low of $31.84 and a 52 week high of $58.57. The stock has a 50-day moving average of $55.25 and a 200-day moving average of $50.96. The company has a market cap of $35.345 billion and a P/E ratio of 22.04.
CBS Corp () (NYSE:CBS) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.04. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis.
CBS Corporation is a mass media company. The Company has operations in segments, which include Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor.
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