Several brokerages have updated their recommendations and price targets on shares of CBS Corporation (NYSE: CBS) in the last few weeks:

  • 8/23/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $76.00 price target on the stock, up previously from $75.00.
  • 8/20/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $78.00 price target on the stock.
  • 8/11/2017 – CBS Corporation was given a new $57.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 8/10/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Argus. They now have a $79.00 price target on the stock, up previously from $71.00.
  • 8/9/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $73.00 price target on the stock, up previously from $71.00.
  • 8/8/2017 – CBS Corporation had its price target raised by analysts at Benchmark Co. from $76.00 to $81.00. They now have a “buy” rating on the stock.
  • 8/8/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $80.00 price target on the stock.
  • 8/8/2017 – CBS Corporation had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $77.00 price target on the stock, up previously from $75.00.
  • 8/8/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $80.00 price target on the stock.
  • 8/2/2017 – CBS Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/25/2017 – CBS Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/10/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $71.00 price target on the stock.
  • 6/28/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $80.00 price target on the stock.
  • 6/27/2017 – 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.

CBS Corporation (CBS) opened at 64.72 on Thursday. The company has a 50-day moving average of $65.12 and a 200 day moving average of $65.05. The company has a market cap of $25.99 billion, a PE ratio of 164.68 and a beta of 1.71. CBS Corporation has a 12 month low of $48.88 and a 12 month high of $70.10.

CBS Corporation (NYSE:CBS) last released 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 company 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%. CBS Corporation’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. On average, equities analysts forecast that CBS Corporation will post $4.46 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 8th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, September 7th. CBS Corporation’s dividend payout ratio (DPR) is presently 211.76%.

In related news, EVP Gil D. Schwartz sold 5,270 shares of CBS Corporation stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $65.40, for a total value of $344,658.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anthony G. Ambrosio sold 8,167 shares of CBS Corporation stock in a transaction that occurred on Thursday, August 10th. The stock was 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. Insiders sold a total of 226,874 shares of company stock valued at $14,499,946 over the last quarter. 2.03% of the stock is owned by company insiders.

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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