JPMorgan Chase & Co. Initiates Coverage on CBS Outdoor Americas (CBSO)
Research analysts at JPMorgan Chase & Co. initiated coverage on shares of CBS Outdoor Americas (NASDAQ:CBSO) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating and a $35.00 price target on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 7.00% from the company’s current price.
Separately, 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. CBS Outdoor Americas presently has a consensus rating of “Buy” and an average target price of $34.17.
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 1-year low of $27.88 and a 1-year 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 P/E ratio of 51.74.
CBS Outdoor Americas (NASDAQ:CBSO) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter 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.
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