Barrington Research restated their buy rating on shares of CBS (NYSE:CBS) in a research note published on Tuesday morning, AnalystRatings.com reports. The brokerage currently has a $47.00 price objective on the media conglomerate’s stock.

A number of other analysts have also recently issued reports on CBS. UBS Group set a $54.00 target price on CBS and gave the company a hold rating in a research report on Friday, August 9th. Citigroup decreased their target price on CBS from $57.00 to $51.00 and set a buy rating for the company in a research report on Friday, October 25th. Wells Fargo & Co decreased their target price on CBS from $40.00 to $31.00 and set an underperform rating for the company in a research report on Wednesday, October 23rd. Credit Suisse Group decreased their target price on CBS from $66.00 to $52.00 and set an outperform rating for the company in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein decreased their target price on CBS from $46.00 to $35.00 and set an underperform rating for the company in a research report on Tuesday, September 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. CBS currently has a consensus rating of Hold and an average target price of $51.50.

Shares of NYSE:CBS traded up $0.31 on Tuesday, hitting $38.11. 3,722,948 shares of the company’s stock were exchanged, compared to its average volume of 3,338,688. The firm’s 50-day moving average is $38.20 and its 200 day moving average is $45.76. The company has a market capitalization of $14.05 billion, a PE ratio of 7.34, a P/E/G ratio of 0.63 and a beta of 1.17. CBS has a 1-year low of $35.02 and a 1-year high of $58.38. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.14 and a current ratio of 1.65.

CBS (NYSE:CBS) last released its quarterly earnings data on Thursday, August 8th. The media conglomerate reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.03. The business had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.71 billion. CBS had a return on equity of 55.03% and a net margin of 20.13%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. On average, analysts anticipate that CBS will post 5.11 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Whitener Capital Management Inc. raised its stake in CBS by 57.1% during the 2nd quarter. Whitener Capital Management Inc. now owns 550 shares of the media conglomerate’s stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. NEXT Financial Group Inc raised its stake in shares of 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 buying an additional 245 shares in the last quarter. Shamrock Asset Management LLC raised its stake in shares of CBS by 4.4% during the 2nd quarter. Shamrock Asset Management LLC now owns 6,129 shares of the media conglomerate’s stock worth $306,000 after buying an additional 258 shares in the last quarter. Carroll Financial Associates Inc. raised its stake in shares of 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 buying an additional 275 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of CBS by 1.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 19,438 shares of the media conglomerate’s stock worth $970,000 after buying an additional 293 shares in the last quarter. 73.95% of the stock is owned by hedge funds and other 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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Analyst Recommendations for CBS (NYSE:CBS)

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