Barrington Research reaffirmed their buy rating on shares of CBS (NYSE:CBS) in a report released on Tuesday morning, AnalystRatings.com reports. They currently have a $47.00 target price on the media conglomerate’s stock.

A number of other research analysts also recently issued reports on CBS. Barclays cut their price objective on shares of CBS from $53.00 to $41.00 and set an equal weight rating on the stock in a research report on Monday, October 21st. Credit Suisse Group cut their price objective on shares of CBS from $66.00 to $52.00 and set an outperform rating on the stock in a research report on Thursday, October 24th. TheStreet downgraded shares of CBS from a b- rating to a c+ rating in a research report on Friday, August 23rd. Benchmark cut their price objective on shares of CBS from $68.00 to $61.00 and set a buy rating on the stock in a research report on Tuesday, November 5th. Finally, BMO Capital Markets downgraded shares of CBS from an outperform rating to a market perform rating and cut their price objective for the stock from $60.00 to $51.00 in a research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $52.00.

Shares of CBS stock traded up $0.94 on Tuesday, reaching $38.57. The stock had a trading volume of 6,850,206 shares, compared to its average volume of 5,721,908. The company has a 50 day moving average price of $37.76 and a 200 day moving average price of $45.36. The company has a quick ratio of 1.14, a current ratio of 1.52 and a debt-to-equity ratio of 2.04. CBS has a 1 year low of $35.02 and a 1 year high of $57.80. The stock has a market capitalization of $13.81 billion, a P/E ratio of 7.43, a P/E/G ratio of 0.64 and a beta of 1.17.

CBS (NYSE:CBS) last issued its quarterly earnings data on Tuesday, November 12th. The media conglomerate reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. CBS had a net margin of 18.98% and a return on equity of 44.13%. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the previous year, the firm earned $1.24 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts forecast that CBS will post 4.98 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Whitener Capital Management Inc. grew its position 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 purchasing an additional 200 shares during the last quarter. NEXT Financial Group Inc grew its position 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 purchasing an additional 245 shares during the last quarter. Shamrock Asset Management LLC grew its position in 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 purchasing an additional 258 shares during the last quarter. Carroll Financial Associates Inc. lifted its stake in CBS by 96.5% during the 2nd quarter. Carroll Financial Associates Inc. now owns 560 shares of the media conglomerate’s stock valued at $27,000 after acquiring an additional 275 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in CBS by 1.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 19,438 shares of the media conglomerate’s stock valued at $970,000 after acquiring an additional 293 shares during the period. 74.27% of the stock is currently owned by institutional investors.

About CBS

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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