CBS Co. (NYSE:CBS) has earned a consensus recommendation of “Buy” from the twenty research firms that are presently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $62.69.
A number of brokerages recently issued reports on CBS. Barrington Research dropped their price objective on shares of CBS from $72.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Wolfe Research began coverage on shares of Waters in a report on Thursday, May 30th. They issued an “underperform” rating for the company. Loop Capital upped their price objective on shares of CBS to $65.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, TheStreet lowered shares of UDR from a “b” rating to a “c” rating in a report on Tuesday, April 30th.
Shares of CBS stock traded down $1.09 during trading hours on Friday, reaching $52.42. 1,854,290 shares of the company’s stock were exchanged, compared to its average volume of 2,635,235. CBS has a 1 year low of $41.38 and a 1 year high of $59.56. The stock has a market capitalization of $20.03 billion, a P/E ratio of 10.10, a P/E/G ratio of 0.78 and a beta of 1.19. The firm has a fifty day moving average price of $50.01. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.50 and a quick ratio of 1.16.
CBS (NYSE:CBS) last released its earnings results on Thursday, May 2nd. The media conglomerate reported $1.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.01). CBS had a return on equity of 66.79% and a net margin of 20.32%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same period in the previous year, the company earned $1.34 EPS. CBS’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, research analysts anticipate that CBS will post 5.58 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 10th were given a $0.18 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.37%. CBS’s payout ratio is currently 13.87%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Horan Capital Advisors LLC. acquired a new stake in shares of CBS during the first quarter worth about $26,000. Carroll Financial Associates Inc. lifted its position in shares of CBS by 96.5% during the second quarter. Carroll Financial Associates Inc. now owns 560 shares of the media conglomerate’s stock worth $27,000 after purchasing an additional 275 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of CBS during the fourth quarter worth about $28,000. Weaver Consulting Group acquired a new stake in shares of CBS during the first quarter worth about $30,000. Finally, NEXT Financial Group Inc lifted its position in shares of CBS by 70.2% during the second quarter. NEXT Financial Group Inc now owns 594 shares of the media conglomerate’s stock worth $30,000 after purchasing an additional 245 shares in the last quarter. 73.27% of the stock is currently owned by 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.
Further Reading: Technical Analysis of Stocks and What It Means
Receive News & Ratings for CBS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBS and related companies with MarketBeat.com's FREE daily email newsletter.