Recent Analysts’ Ratings Changes for CBS (CBS)

A number of firms have modified their ratings and price targets on shares of CBS (NYSE: CBS) recently:

  • 10/24/2019 – CBS had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $52.00 price target on the stock, down previously from $66.00.
  • 10/23/2019 – CBS had its price target lowered by analysts at Wells Fargo & Co from $40.00 to $31.00. They now have an “underperform” rating on the stock.
  • 10/22/2019 – CBS had its “sell” rating reaffirmed by analysts at Wells Fargo & Co.
  • 10/21/2019 – CBS had its price target lowered by analysts at Barclays PLC from $53.00 to $41.00. They now have an “equal weight” rating on the stock.
  • 10/18/2019 – CBS had its price target lowered by analysts at Imperial Capital from $62.00 to $59.00. They now have an “outperform” rating on the stock.
  • 10/18/2019 – CBS was given a new $50.00 price target on by analysts at Guggenheim. They now have a “buy” rating on the stock.
  • 10/18/2019 – CBS had its price target lowered by analysts at Loop Capital to $50.00. They now have a “buy” rating on the stock.
  • 10/2/2019 – CBS was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 9/24/2019 – CBS is now covered by analysts at Wells Fargo & Co. They set an “underperform” rating and a $41.00 price target on the stock.
  • 9/3/2019 – CBS had its price target lowered by analysts at Sanford C. Bernstein from $46.00 to $35.00. They now have an “underperform” rating on the stock.

Shares of CBS traded down $1.00 during midday trading on Thursday, reaching $35.49. The company had a trading volume of 294,333 shares, compared to its average volume of 4,475,437. CBS Co. has a 1-year low of $35.76 and a 1-year high of $59.56. The stock has a market cap of $13.62 billion, a PE ratio of 6.84, a price-to-earnings-growth ratio of 0.59 and a beta of 1.19. The firm has a 50 day simple moving average of $40.37 and a 200-day simple moving average of $46.96. The company has a quick ratio of 1.14, a current ratio of 1.65 and a debt-to-equity ratio of 2.15.

CBS (NYSE:CBS) last issued its earnings results on Thursday, August 8th. The media conglomerate reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.03. CBS had a return on equity of 55.03% and a net margin of 20.13%. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period last year, the company earned $1.12 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, sell-side analysts anticipate that CBS Co. will post 5.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Monday, September 9th. CBS’s dividend payout ratio (DPR) is presently 13.87%.

Several institutional investors and hedge funds have recently modified their holdings of the business. Ellevest Inc. purchased a new position in shares of CBS during the 2nd quarter worth $25,000. Carroll Financial Associates Inc. grew its holdings 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 purchasing an additional 275 shares during the period. Whitener Capital Management Inc. grew its holdings in shares of 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 period. Personal Wealth Partners purchased a new position in shares of CBS during the 2nd quarter worth $29,000. Finally, NEXT Financial Group Inc grew its holdings 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 purchasing an additional 245 shares during the period. 74.26% of the stock is owned by institutional investors and hedge funds.

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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