CBS PT Raised to $70.00 (CBS)
Pivotal Research hoisted their price target on shares of CBS (NYSE:CBS) from $67.00 to $70.00 in a research note issued on Friday. Pivotal Research’s price objective suggests a potential upside of 18.18% from the stock’s previous close.
CBS has been the subject of a number of other recent research reports. Analysts at ISI Group cut their price target on shares of CBS from $73.00 to $65.00 in a research note on Friday. Separately, analysts at Nomura reiterated a “buy” rating on shares of CBS in a research note on Friday. They now have a $74.00 price target on the stock, down previously from $78.00. Finally, analysts at RBC Capital raised their price target on shares of CBS from $70.00 to $72.00 in a research note on Friday. They now have a “top pick” rating on the stock. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $68.44.
Shares of CBS (NYSE:CBS) opened at 59.23 on Friday. CBS has a 52 week low of $50.51 and a 52 week high of $68.10. The stock has a 50-day moving average of $60.13 and a 200-day moving average of $60.94. The company has a market cap of $33.660 billion and a price-to-earnings ratio of 18.40.
CBS (NYSE:CBS) last released its earnings data on Thursday, August 7th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.06. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the company posted $0.76 earnings per share. CBS’s revenue was down 5.4% compared to the same quarter last year. On average, analysts predict that CBS will post $3.34 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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