CBS Corporation (NYSE:CBS) had its price target increased by research analysts at Benchmark Co. from $76.00 to $81.00 in a report released on Tuesday. The brokerage currently has a “buy” rating on the media conglomerate’s stock. Benchmark Co.’s target price would suggest a potential upside of 25.54% from the company’s previous close.

A number of other brokerages also recently commented on CBS. Needham & Company LLC reiterated a “buy” rating and set a $80.00 target price on shares of CBS Corporation in a research note on Wednesday, June 28th. Rosenblatt Securities reiterated a “buy” rating and set a $80.00 target price on shares of CBS Corporation in a research note on Friday, April 14th. Royal Bank Of Canada set a $75.00 target price on shares of CBS Corporation and gave the stock a “buy” rating in a research note on Tuesday, June 6th. BidaskClub upgraded shares of CBS Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, Guggenheim reiterated a “buy” rating and set a $80.00 target price on shares of CBS Corporation in a research note on Friday, April 14th. Six analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $72.17.

Shares of CBS Corporation (CBS) opened at 64.52 on Tuesday. The stock’s 50 day moving average price is $64.01 and its 200 day moving average price is $64.87. CBS Corporation has a one year low of $48.88 and a one year high of $70.10. The stock has a market cap of $26.19 billion, a price-to-earnings ratio of 52.63 and a beta of 1.71.

CBS Corporation (NYSE:CBS) last issued its earnings results on Monday, August 7th. The media conglomerate reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.09 billion. CBS Corporation had a net margin of 3.96% and a return on equity of 41.55%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 earnings per share. Analysts forecast that CBS Corporation will post $4.44 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “CBS Corporation (NYSE:CBS) PT Raised to $81.00 at Benchmark Co.” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/08/cbs-corporation-nysecbs-pt-raised-to-81-00-at-benchmark-co.html.

In other CBS Corporation news, EVP Gil D. Schwartz sold 5,270 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $65.40, for a total transaction of $344,658.00. Following the transaction, the executive vice president now owns 60,322 shares of the company’s stock, valued at $3,945,058.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Anthony G. Ambrosio sold 8,167 shares of the stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $63.78, for a total transaction of $520,891.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 218,707 shares of company stock worth $13,961,251. 2.03% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of CBS. Glenview Capital Management LLC increased its position in CBS Corporation by 6.7% in the first quarter. Glenview Capital Management LLC now owns 5,471,963 shares of the media conglomerate’s stock worth $379,535,000 after buying an additional 343,424 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of CBS Corporation by 7.1% in the first quarter. Alliancebernstein L.P. now owns 5,393,198 shares of the media conglomerate’s stock worth $374,072,000 after buying an additional 358,785 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CBS Corporation by 3.1% in the first quarter. Geode Capital Management LLC now owns 3,680,166 shares of the media conglomerate’s stock worth $254,889,000 after buying an additional 109,782 shares in the last quarter. FMR LLC increased its position in shares of CBS Corporation by 21.2% in the first quarter. FMR LLC now owns 3,530,274 shares of the media conglomerate’s stock worth $244,860,000 after buying an additional 618,593 shares in the last quarter. Finally, Boston Partners increased its position in shares of CBS Corporation by 3.0% in the first quarter. Boston Partners now owns 3,242,746 shares of the media conglomerate’s stock worth $224,917,000 after buying an additional 94,956 shares in the last quarter. 75.42% of the stock is currently owned by institutional investors.

CBS Corporation Company Profile

CBS Corporation is a mass media company. The Company operates through four segment: Entertainment, Cable Networks, Publishing, Local Media. The Entertainment segment comprises the CBS TV Network; CBS TV Studios; CBS Studios International and CBS TV Distribution; CBS Interactive; CBS Films; and the Company’s digital streaming services, CBS All Access and CBSN.

Analyst Recommendations for CBS Corporation (NYSE:CBS)

Receive News & Ratings for CBS Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBS Corporation and related companies with MarketBeat.com's FREE daily email newsletter.