Stock analysts at Pivotal Research hoisted their target price on shares of CBS Corp () (NYSE:CBS) from $62.00 to $64.00 in a report issued on Thursday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Pivotal Research’s target price points to a potential upside of 12.46% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Needham & Company raised their price target on shares of CBS Corp () from $65.00 to $70.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of CBS Corp () from $59.00 to $67.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of CBS Corp () from $67.00 to $69.00 in a research note to investors on Thursday. They now have a “top pick” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. CBS Corp () currently has an average rating of “Buy” and a consensus price target of $59.40.
CBS Corp (NYSE:CBS) traded down 4.55% during mid-day trading on Thursday, hitting $56.91. 11,669,173 shares of the company’s stock traded hands. CBS Corp has a one year low of $33.04 and a one year high of $60.91. The stock has a 50-day moving average of $57.29 and a 200-day moving average of $52.37. The company has a market cap of $34.420 billion and a P/E ratio of 22.49. CBS Corp () also was the target of unusually large options trading on Thursday. Traders purchased 24,462 call options on the company. This represents an increase of 672% compared to the average daily volume of 3,168 call options.
CBS Corp () (NYSE:CBS) last announced its earnings results on Wednesday, November 6th. The company reported $0.76 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.77 by $0.01. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis.
CBS Corporation is a mass media company. The Company has operations in segments, which include Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor.
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