B. Riley reissued their buy rating on shares of CBS Corporation (NYSE:CBS) in a report issued on Friday morning.

CBS has been the subject of a number of other research reports. Royal Bank Of Canada dropped their target price on shares of CBS Corporation from $77.00 to $66.00 and set an outperform rating for the company in a research report on Friday. Cowen and Company reiterated a buy rating and set a $69.00 target price on shares of CBS Corporation in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of CBS Corporation from a sell rating to a hold rating in a research report on Monday, October 30th. ValuEngine cut shares of CBS Corporation from a buy rating to a hold rating in a research report on Monday, September 11th. Finally, Guggenheim reiterated a buy rating and set a $78.00 target price on shares of CBS Corporation in a research report on Friday, October 6th. Six analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. CBS Corporation presently has a consensus rating of Buy and an average price target of $73.33.

Shares of CBS Corporation (NYSE CBS) traded up $1.56 during trading on Friday, reaching $56.96. 10,598,034 shares of the company’s stock were exchanged, compared to its average volume of 4,890,000. The company has a current ratio of 1.55, a quick ratio of 1.10 and a debt-to-equity ratio of 3.03. CBS Corporation has a 12-month low of $52.75 and a 12-month high of $70.10. The company has a market cap of $23,600.00, a P/E ratio of 12.88, a PEG ratio of 0.97 and a beta of 1.62.

CBS Corporation (NYSE:CBS) last issued its quarterly earnings results on Thursday, November 2nd. The media conglomerate reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.26 billion. CBS Corporation had a net margin of 2.14% and a return on equity of 58.49%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. analysts forecast that CBS Corporation will post 4.41 earnings per share for the current year.

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In related news, EVP Anthony G. Ambrosio sold 8,167 shares of CBS Corporation stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $65.96, for a total transaction of $538,695.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Leslie Moonves sold 150,000 shares of CBS Corporation stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $64.68, for a total transaction of $9,702,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,182,652 shares in the company, valued at approximately $76,493,931.36. The disclosure for this sale can be found here. Insiders have sold a total of 512,298 shares of company stock worth $30,900,946 in the last three months. 2.03% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Hawaii lifted its stake in CBS Corporation by 0.3% in the second quarter. Bank of Hawaii now owns 18,458 shares of the media conglomerate’s stock valued at $1,177,000 after buying an additional 50 shares in the last quarter. Osborn Williams & Donohoe LLC lifted its stake in CBS Corporation by 1.0% in the second quarter. Osborn Williams & Donohoe LLC now owns 10,312 shares of the media conglomerate’s stock valued at $658,000 after buying an additional 100 shares in the last quarter. First Financial Bank Trust Division lifted its stake in CBS Corporation by 2.5% in the second quarter. First Financial Bank Trust Division now owns 4,995 shares of the media conglomerate’s stock valued at $319,000 after buying an additional 120 shares in the last quarter. Stanley Laman Group Ltd. lifted its stake in CBS Corporation by 1.4% in the second quarter. Stanley Laman Group Ltd. now owns 9,201 shares of the media conglomerate’s stock valued at $587,000 after buying an additional 127 shares in the last quarter. Finally, Geneva Advisors LLC lifted its stake in CBS Corporation by 3.0% in the second quarter. Geneva Advisors LLC now owns 7,818 shares of the media conglomerate’s stock valued at $499,000 after buying an additional 227 shares in the last quarter. 74.98% of the stock is currently owned by hedge funds and other institutional investors.

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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