Citigroup Inc. Initiates Coverage on CBS Outdoor Americas (CBSO)
Stock analysts at Citigroup Inc. assumed coverage on shares of CBS Outdoor Americas (NASDAQ:CBSO) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $34.00 price target on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 3.94% from the stock’s previous close.
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’s 50-day moving average is $30.29 and its 200-day moving average is $30.27. The company has a market cap of $3.925 billion and a price-to-earnings ratio of 51.74.
CBS Outdoor Americas (NASDAQ:CBSO) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that CBS Outdoor Americas will post $0.95 EPS for the current fiscal year.
CBSO has been the subject of a number of other recent research reports. Analysts at Goldman Sachs initiated coverage on shares of CBS Outdoor Americas in a research note on Wednesday, May 7th. They set a “buy” rating and a $34.00 price target on the stock. Separately, analysts at Evercore Partners initiated coverage on shares of CBS Outdoor Americas in a research note on Wednesday, May 7th. They set an “equal weight” rating and a $33.00 price target on the stock. Finally, 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. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. CBS Outdoor Americas has an average rating of “Buy” and an average price target of $34.17.
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