CBS Sees Unusually Large Options Volume (CBS)
Shares of CBS (NYSE:CBS) saw some unusual options trading on Monday. Traders acquired 5,303 put options on the company, Analyst Ratings.Net reports. This represents an increase of 140% compared to the typical daily volume of 2,213 put options.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. initiated coverage on shares of CBS in a research note on Wednesday, April 9th. They set an “overweight” rating on the stock. Separately, analysts at Needham & Company LLC raised their price target on shares of CBS from $70.00 to $83.00 in a research note on Monday, March 17th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CBS in a research note on Wednesday, March 5th. They now have a $71.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. CBS has an average rating of “Buy” and an average price target of $65.37.
CBS (NYSE:CBS) traded down 1.53% during mid-day trading on Monday, hitting $59.71. The stock had a trading volume of 6,262,588 shares. CBS has a 52 week low of $44.52 and a 52 week high of $68.10. The stock has a 50-day moving average of $63.7 and a 200-day moving average of $60.85. The company has a market cap of $35.431 billion and a price-to-earnings ratio of 20.15.
CBS (NYSE:CBS) last announced its 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. On average, analysts predict that CBS will post $3.47 earnings per share for the current fiscal year.
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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