CBS Price Target Increased to $68.00 by Analysts at Sanford C. Bernstein (CBS)
Stock analysts at Sanford C. Bernstein raised their price objective on shares of CBS (NYSE:CBS) from $66.00 to $68.00 in a report issued on Thursday, StockRatingsNetwork.com reports. Sanford C. Bernstein’s price target points to a potential upside of 3.17% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Benchmark Co. raised their price target on shares of CBS from $69.00 to $73.00 in a research note on Thursday. Separately, analysts at EVA Dimensions LLC downgraded shares of CBS from a “hold” rating to an “underweight” rating in a research note on Wednesday. Finally, analysts at BMO Capital Markets raised their price target on shares of CBS to $70.00 in a research note on Friday, February 14th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $64.21.
Shares of CBS (NYSE:CBS) traded up 0.14% on Thursday, hitting $65.91. The stock had a trading volume of 6,616,982 shares. CBS has a 52 week low of $42.05 and a 52 week high of $66.58. The stock has a 50-day moving average of $61.19 and a 200-day moving average of $57.96. The company has a market cap of $39.480 billion and a P/E ratio of 21.87.
CBS (NYSE:CBS) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts expect that CBS will post $3.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, March 7th.
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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