CBS Outdoor Americas Coverage Initiated by Analysts at Evercore Partners (CBSO)
Analysts at Evercore Partners started coverage on shares of CBS Outdoor Americas (NASDAQ:CBSO) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “equal weight” rating and a $33.00 price target on the stock. Evercore Partners’ price target indicates a potential upside of 0.89% from the company’s current price.
Shares of CBS Outdoor Americas (NASDAQ:CBSO) traded down 0.12% during mid-day trading on Wednesday, hitting $32.71. 716,195 shares of the company’s stock traded hands. CBS Outdoor Americas has a 52-week low of $27.88 and a 52-week high of $33.14. The stock has a 50-day moving average of $30.29 and a 200-day moving average of $30.27. The company has a market cap of $3.925 billion and a P/E ratio of 51.74.
CBS Outdoor Americas (NASDAQ:CBSO) last announced its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.02. The company had revenue of $287.90 million for the quarter, compared to the consensus estimate of $279.20 million. CBS Outdoor Americas’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that CBS Outdoor Americas will post $0.95 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of CBS Outdoor Americas in a research note on Wednesday, May 7th. They set an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of CBS Outdoor Americas in a research note on Wednesday, May 7th. They set an “overweight” rating and a $35.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of CBS Outdoor Americas in a research note on Wednesday, May 7th. They set an “overweight” rating and a $35.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $34.17.
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