CBS Corporation (NYSE:CBS)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group LLC in a report issued on Monday. They currently have a $73.00 target price on the media conglomerate’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 28.30% from the company’s previous close.

CBS has been the subject of a number of other reports. ValuEngine cut shares of CBS Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Guggenheim reiterated a “buy” rating and issued a $78.00 target price on shares of CBS Corporation in a research note on Friday, October 6th. BidaskClub upgraded shares of CBS Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Rosenblatt Securities reiterated a “buy” rating and issued a $80.00 target price on shares of CBS Corporation in a research note on Wednesday, September 20th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $81.00 target price on shares of CBS Corporation in a research note on Wednesday, September 27th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $74.87.

CBS Corporation (NYSE CBS) traded down 0.18% during trading on Monday, reaching $56.90. 2,987,608 shares of the company’s stock were exchanged. CBS Corporation has a 52 week low of $54.93 and a 52 week high of $70.10. The stock has a market capitalization of $22.85 billion, a price-to-earnings ratio of 144.78 and a beta of 1.69. The company’s 50 day moving average price is $59.55 and its 200-day moving average price is $63.26.

CBS Corporation (NYSE:CBS) last posted its earnings results on Monday, August 7th. The media conglomerate reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.07. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.09 billion. CBS Corporation had a net margin of 1.27% and a return on equity of 49.51%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 earnings per share. On average, equities analysts expect that CBS Corporation will post $4.45 EPS for the current year.

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In other CBS Corporation news, EVP Gil D. Schwartz sold 5,270 shares of the company’s stock in a transaction dated 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 directly owns 60,322 shares in the company, valued at approximately $3,945,058.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Anthony G. Ambrosio sold 8,167 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $65.96, for a total transaction of $538,695.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 517,568 shares of company stock worth $31,245,604. 2.03% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Glenview Capital Management LLC lifted its position in CBS Corporation by 6.7% during the 1st quarter. Glenview Capital Management LLC now owns 5,471,963 shares of the media conglomerate’s stock valued at $379,535,000 after purchasing an additional 343,424 shares during the period. Fred Alger Management Inc. lifted its position in CBS Corporation by 0.6% during the 2nd quarter. Fred Alger Management Inc. now owns 4,880,086 shares of the media conglomerate’s stock valued at $311,252,000 after purchasing an additional 29,986 shares during the period. Geode Capital Management LLC lifted its position in CBS Corporation by 3.1% during the 1st quarter. Geode Capital Management LLC now owns 3,680,166 shares of the media conglomerate’s stock valued at $254,889,000 after purchasing an additional 109,782 shares during the period. Teachers Advisors LLC lifted its position in CBS Corporation by 9.8% during the 1st quarter. Teachers Advisors LLC now owns 1,588,835 shares of the media conglomerate’s stock valued at $110,202,000 after purchasing an additional 142,137 shares during the period. Finally, Scopus Asset Management L.P. lifted its position in CBS Corporation by 166.7% during the 1st quarter. Scopus Asset Management L.P. now owns 1,350,000 shares of the media conglomerate’s stock valued at $93,636,000 after purchasing an additional 843,900 shares during the period. Institutional investors own 75.06% of the company’s stock.

About CBS Corporation

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)

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