CBS PT Raised to $73.00 (CBS)
Analysts at Benchmark Co. boosted their price objective on shares of CBS (NYSE:CBS) from $69.00 to $73.00 in a research report issued to clients and investors on Thursday, AnalystRatings.NET reports. Benchmark Co.’s price objective suggests a potential upside of 10.76% from the stock’s previous close.
Shares of CBS (NYSE:CBS) traded up 0.14% during mid-day trading 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’s 50-day moving average is $61.19 and its 200-day moving average is $57.96. The company has a market cap of $39.480 billion and a price-to-earnings ratio of 21.87.
CBS (NYSE:CBS) last posted its quarterly earnings results 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 announced a quarterly dividend, which is scheduled for Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Friday, March 7th.
Other equities research analysts have also recently issued reports about the stock. Analysts at EVA Dimensions LLC downgraded shares of CBS from a “hold” rating to an “underweight” rating in a research note on Wednesday. Separately, 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. Finally, analysts at UBS AG reiterated a “buy” rating on shares of CBS in a research note on Thursday, February 13th. They now have a $73.00 price target on the stock, up previously from $67.00. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $64.21.
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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