Topeka Capital Markets Initiates Coverage on CBS Corp (CBS)
Analysts at Topeka Capital Markets started coverage on shares of CBS Corp (NYSE:CBS) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
CBS Corp (NYSE:CBS) traded down 2.19% on Friday, hitting $58.39. The stock had a trading volume of 7,374,067 shares. CBS Corp has a 1-year low of $41.33 and a 1-year high of $64.06. The stock’s 50-day moving average is $60.95 and its 200-day moving average is $56.80. The company has a market cap of $35.039 billion and a P/E ratio of 20.93.
CBS Corp (NYSE:CBS) last released its earnings data on Wednesday, November 6th. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.77 by $0.01. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Analysts expect that CBS Corp will post $3.02 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Nomura initiated coverage on shares of CBS Corp in a research note to investors on Wednesday, January 15th. They set a “buy” rating and a $75.00 price target on the stock. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of CBS Corp in a research note to investors on Friday, December 27th. They now have a $66.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CBS Corp in a research note to investors on Wednesday, November 27th. They now have a $61.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $62.38.
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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