Several analysts have recently updated their ratings and price targets for CBS Corporation (NYSE: CBS):

  • 11/6/2017 – CBS Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Though shares of CBS have underperformed the industry in the past six months, it still can get some cushion in the near term as the company is likely to gain from increasing demand for content, rise in retransmission rates, expansion of direct-to-consumer business and sturdy digital presence. These helped the company to post better-than-expected third-quarter 2017 earnings. We believe with the launch of Showtime's streaming service; online news channel, CBSN; and over-the-top service, CBS All Access, the company is generating incremental revenues. Moreover, the company aims to attain $2.5 billion of revenues from retransmission and reverse compensation by 2020. However, during second-half 2017, the company may face tough advertising revenue comparison as the prior year benefited from strong political advertising. Moreover, currency fluctuations and higher expenditure for original programming might prove to be a drag.”
  • 11/3/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at B. Riley.
  • 11/3/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $70.00 price target on the stock, down previously from $80.00.
  • 11/3/2017 – CBS Corporation had its price target lowered by analysts at Royal Bank Of Canada from $77.00 to $66.00. They now have an “outperform” rating on the stock.
  • 11/3/2017 – CBS Corporation had its price target lowered by analysts at Credit Suisse Group from $75.00 to $70.00. They now have an “outperform” rating on the stock.
  • 11/3/2017 – CBS Corporation had its price target lowered by analysts at Jefferies Group LLC from $73.00 to $66.00. They now have a “buy” rating on the stock.
  • 10/30/2017 – CBS Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of CBS have underperformed the industry in the past three months. During the second half of 2017, the company may face tough advertising revenue comparison as the prior year benefited from strong political advertising. Moreover, currency fluctuations and higher expenditure for original programming might prove to be a drag. Nevertheless, CBS is likely to gain from increasing demand for content, rise in retransmission rates, expansion of direct-to-consumer business, sturdy digital presence and upfront fees from traditional distribution partners. These helped the company to post better-than-expected second-quarter 2017 results. We believe with the launch of Showtime's streaming service; online news channel, CBSN; and over-the-top service, CBS All Access, the company is generating incremental revenue. Moreover, the company aims to attain $2.5 billion of revenues from retransmission and reverse compensation by 2020.”
  • 10/27/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $69.00 price target on the stock.
  • 10/24/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $80.00 price target on the stock. They wrote, “We continue to rate CBS our favorite content play in the media space, and at just 8x 2018E EV/EBITDA, we believe shares look attractively priced even if a softer overall advertising environment continues.””
  • 10/23/2017 – CBS Corporation was given a new $75.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 10/23/2017 – CBS Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of CBS have underperformed the industry in the past three months. During the second half of 2017, the company may face tough advertising revenue comparison as the prior year benefited from strong political advertising. Moreover, currency fluctuations and higher expenditure for original programming might prove to be a drag. Nevertheless, CBS is likely to gain from increasing demand for content, rise in retransmission rates, expansion of direct-to-consumer business, sturdy digital presence and upfront fees from traditional distribution partners. These helped the company to post better-than-expected second-quarter 2017 results. We believe with the launch of Showtime's streaming service; online news channel, CBSN; and over-the-top service, CBS All Access, the company is generating incremental revenue. Moreover, the company aims to attain $2.5 billion of revenues from retransmission and reverse compensation by 2020.”
  • 10/18/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $75.00 price target on the stock.
  • 10/17/2017 – CBS Corporation had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 10/17/2017 – CBS Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of CBS have underperformed the industry in the past three months. During the second half of 2017, the company may face tough advertising revenue comparison as the prior year benefited from strong political advertising. Moreover, currency fluctuations and higher expenditure for original programming might prove to be a drag. Nevertheless, CBS is likely to gain from increasing demand for content, rise in retransmission rates, expansion of direct-to-consumer business, sturdy digital presence and upfront fees from traditional distribution partners. These helped the company to post better-than-expected second-quarter 2017 results. We believe with the launch of Showtime's streaming service; online news channel, CBSN; and over-the-top service, CBS All Access, the company is generating incremental revenue. Moreover, the company aims to attain $2.5 billion of revenues from retransmission and reverse compensation by 2020.”
  • 10/16/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $73.00 price target on the stock.
  • 10/13/2017 – CBS Corporation had its price target lowered by analysts at Barclays PLC from $57.00 to $55.00. They now have an “equal weight” rating on the stock.
  • 10/6/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $78.00 price target on the stock.
  • 10/4/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $75.00 price target on the stock, down previously from $76.00.
  • 10/3/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $73.00 price target on the stock.
  • 9/27/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $81.00 price target on the stock.
  • 9/21/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company.
  • 9/20/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $80.00 price target on the stock.

Shares of CBS Corporation (CBS) traded up $0.49 during midday trading on Wednesday, hitting $56.41. 23,062,301 shares of the company traded hands, compared to its average volume of 3,682,887. CBS Corporation has a one year low of $52.75 and a one year high of $70.10. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.55 and a quick ratio of 1.10. The stock has a market capitalization of $22,377.95, a PE ratio of 13.01, a P/E/G ratio of 1.01 and a beta of 1.62.

CBS Corporation (NYSE:CBS) last announced its quarterly earnings results on Thursday, November 2nd. The media conglomerate reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. CBS Corporation had a net margin of 2.14% and a return on equity of 58.49%. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the company earned $1.05 earnings per share. CBS Corporation’s quarterly revenue was up 2.8% on a year-over-year basis. equities analysts anticipate that CBS Corporation will post 4.39 EPS for the current year.

In other CBS Corporation news, EVP Gil D. Schwartz sold 54,131 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $58.40, for a total value of $3,161,250.40. Following the sale, the executive vice president now owns 102,483 shares in the company, valued at $5,985,007.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bruce S. Gordon sold 5,093 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $55.50, for a total transaction of $282,661.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 603,317 shares of company stock worth $30,938,674. Corporate insiders own 2.03% of the company’s stock.

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.

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