CBS has been the topic of several other research reports. Stephens set a $64.00 price objective on shares of CBS and gave the stock a “buy” rating in a research report on Friday, August 9th. BMO Capital Markets lowered shares of CBS from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Sanford C. Bernstein lowered shares of CBS from a “market perform” rating to an “underperform” rating in a research report on Tuesday. UBS Group set a $54.00 price objective on shares of CBS and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, TheStreet raised shares of CBS from a “c+” rating to a “b-” rating in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. CBS has a consensus rating of “Buy” and an average price target of $62.00.
CBS stock opened at $48.70 on Wednesday. CBS has a fifty-two week low of $41.38 and a fifty-two week high of $59.56. The stock has a market capitalization of $18.33 billion, a PE ratio of 9.38, a PEG ratio of 0.75 and a beta of 1.17. The stock’s 50-day moving average price is $50.95. The company has a current ratio of 1.50, a quick ratio of 1.16 and a debt-to-equity ratio of 2.35.
CBS (NYSE:CBS) last released its quarterly earnings results on Thursday, August 8th. The media conglomerate reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.03. CBS had a net margin of 20.13% and a return on equity of 61.57%. The business had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the previous year, the company earned $1.12 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts predict that CBS will post 5.51 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Horan Capital Advisors LLC. bought a new stake in CBS during the 1st quarter worth approximately $26,000. Whitener Capital Management Inc. increased its holdings in CBS by 57.1% during the 2nd quarter. Whitener Capital Management Inc. now owns 550 shares of the media conglomerate’s stock worth $27,000 after acquiring an additional 200 shares during the period. Carroll Financial Associates Inc. increased its holdings in CBS by 96.5% during the 2nd quarter. Carroll Financial Associates Inc. now owns 560 shares of the media conglomerate’s stock worth $27,000 after acquiring an additional 275 shares during the period. Personal Wealth Partners bought a new stake in CBS during the 2nd quarter worth approximately $29,000. Finally, NEXT Financial Group Inc increased its holdings in CBS by 70.2% during the 2nd quarter. NEXT Financial Group Inc now owns 594 shares of the media conglomerate’s stock worth $30,000 after acquiring an additional 245 shares during the period. 72.56% of the stock is currently owned by institutional investors.
CBS Company Profile
CBS Corporation operates as a mass media company worldwide. The company operates in four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces theatrical films; and digital streaming services.
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