CBS Corporation (NYSE: CBS) recently received a number of ratings updates from brokerages and research firms:

  • 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.
  • 6/24/2017 – CBS Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/16/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $76.00 price target on the stock. They wrote, “We suspect that estimate will prove conservative given the cross-sport draw (and the unknown undercard, which could feature additional cross-sport matchups) despite what most believe will be an uncompetitive contest, while noting that the $606 million gross forecast includes an estimated $20 million more in PPV sales than Mayweather-Pacquiao. However, given the novelty of the matchup, we prefer to remain conservative at this point in time, raising our estimates by slightly less than what CBS took in for the Mayweather-Pacquiao event.””
  • 6/14/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $71.00 price target on the stock.
  • 6/14/2017 – CBS Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/13/2017 – CBS Corporation had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $78.00 price target on the stock.

Shares of CBS Corporation (CBS) traded up 1.29% during trading on Thursday, reaching $66.19. The company had a trading volume of 3,893,834 shares. The company’s 50 day moving average is $64.57 and its 200-day moving average is $64.92. CBS Corporation has a 1-year low of $48.88 and a 1-year high of $70.10. The stock has a market capitalization of $26.59 billion, a price-to-earnings ratio of 168.42 and a beta of 1.71.

CBS Corporation (NYSE:CBS) last posted its quarterly earnings results on Monday, August 7th. The media conglomerate reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. CBS Corporation had a net margin of 1.27% and a return on equity of 49.51%. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. On average, equities research analysts anticipate that CBS Corporation will post $4.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 8th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.09%. The ex-dividend date is Thursday, September 7th. CBS Corporation’s payout ratio is 211.76%.

In other CBS Corporation news, CEO Leslie Moonves sold 200,000 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $63.79, for a total value of $12,758,000.00. Following the sale, the chief executive officer now directly owns 1,232,652 shares of the company’s stock, valued at $78,630,871.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Anthony G. Ambrosio sold 8,167 shares of the company’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $63.78, for a total transaction of $520,891.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 218,707 shares of company stock worth $13,961,251. 1.67% of the stock is owned by corporate 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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