BMO Capital Markets cut shares of CBS Corp. (NYSE:CBS) from an outperform rating to a market perform rating in a research note released on Wednesday morning. They currently have $63.00 price target on the media conglomerate’s stock. The analysts noted that the move was a valuation call.

Several other research analysts have also issued reports on the company. Drexel Hamilton initiated coverage on CBS Corp. in a research report on Tuesday, September 6th. They set a buy rating and a $65.00 target price for the company. Jefferies Group reiterated a buy rating on shares of CBS Corp. in a report on Monday, September 12th. Argus reiterated a buy rating and set a $71.00 price target on shares of CBS Corp. in a report on Tuesday, October 4th. Telsey Advisory Group downgraded CBS Corp. from an outperform rating to a market perform rating and decreased their price target for the stock from $67.00 to $57.00 in a report on Thursday, September 22nd. Finally, Zacks Investment Research upgraded CBS Corp. from a hold rating to a buy rating and set a $58.00 price target for the company in a report on Thursday, August 4th. Six analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of $63.90.

Analyst Recommendations for CBS Corp. (NYSE:CBS)

Shares of CBS Corp. (NYSE:CBS) opened at 60.01 on Wednesday. The stock has a 50 day moving average price of $57.04 and a 200-day moving average price of $54.28. CBS Corp. has a one year low of $41.36 and a one year high of $61.34. The company has a market capitalization of $25.79 billion, a price-to-earnings ratio of 16.85 and a beta of 1.64.

CBS Corp. (NYSE:CBS) last announced its earnings results on Thursday, November 3rd. The media conglomerate reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.07. The business earned $3.40 million during the quarter, compared to analyst estimates of $3.26 million. CBS Corp. had a return on equity of 33.06% and a net margin of 11.32%. CBS Corp.’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.88 EPS. On average, equities research analysts expect that CBS Corp. will post $4.12 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Friday, December 9th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, December 7th. CBS Corp.’s dividend payout ratio (DPR) is presently 20.17%.

Large investors have recently made changes to their positions in the company. Tocqueville Asset Management L.P. boosted its stake in shares of CBS Corp. by 0.3% in the second quarter. Tocqueville Asset Management L.P. now owns 7,918 shares of the media conglomerate’s stock worth $431,000 after buying an additional 21 shares during the period. Hollencrest Securities LLC boosted its stake in shares of CBS Corp. by 0.5% in the second quarter. Hollencrest Securities LLC now owns 7,334 shares of the media conglomerate’s stock worth $399,000 after buying an additional 34 shares during the period. Telos Capital Management Inc. boosted its stake in shares of CBS Corp. by 1.0% in the third quarter. Telos Capital Management Inc. now owns 3,966 shares of the media conglomerate’s stock worth $217,000 after buying an additional 40 shares during the period. Abner Herrman & Brock LLC boosted its stake in shares of CBS Corp. by 0.7% in the second quarter. Abner Herrman & Brock LLC now owns 7,572 shares of the media conglomerate’s stock worth $436,000 after buying an additional 50 shares during the period. Finally, TIAA CREF Trust Co. FSB MO boosted its stake in shares of CBS Corp. by 0.5% in the second quarter. TIAA CREF Trust Co. FSB MO now owns 10,184 shares of the media conglomerate’s stock worth $554,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 77.41% of the company’s stock.

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CBS Corp. Company Profile

CBS Corporation is a mass media company. The Company’s segments include Entertainment, Cable Networks, Publishing and Local Broadcasting. Its Entertainment segment is composed of the CBS Television Network; CBS Television Studios; CBS Global Distribution Group (composed of CBS Studios International and CBS Television Distribution); CBS Interactive, and CBS Films.

5 Day Chart for NYSE:CBS

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