Investors Purchase Large Volume of Put Options on CBS Outdoor Americas (CBSO)
Shares of CBS Outdoor Americas (NASDAQ:CBSO) saw some unusual options trading on Wednesday. Traders purchased 7,641 put options on the company, American Banking News reports. This is an increase of approximately 850% compared to the average volume of 804 put options.
A number of analysts have recently weighed in on CBSO shares. Analysts at Barrington Research initiated coverage on shares of CBS Outdoor Americas in a research note on Wednesday, May 7th. They set an “outperform” rating and a $34.00 price target on the stock. Separately, analysts at Bank of America initiated coverage on shares of CBS Outdoor Americas in a research note on Wednesday, May 7th. They set a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $34.17.
CBS Outdoor Americas (NASDAQ:CBSO) traded up 1.11% during mid-day trading on Wednesday, hitting $34.61. 2,619,820 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 $34.97. The stock has a 50-day moving average of $32.35 and a 200-day moving average of $31.24. The company has a market cap of $4.153 billion and a P/E ratio of 54.08.
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 $0.94 EPS for the current fiscal year.
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