Investment analysts at B. Riley boosted their target price on shares of CBS (NYSE: CBS) from $50.00 to $51.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock.
CBS (NYSE: CBS) traded up 1.29% on Wednesday, hitting $46.34. CBS has a 52-week low of $29.81 and a 52-week high of $47.42. The stock’s 50-day moving average is currently $43.84. The company has a market cap of $29.155 billion and a price-to-earnings ratio of 19.15.
CBS (NYSE: CBS) last released its earnings data on Thursday, February 14th. The company reported $0.64 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.05. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that CBS will post $2.99 earnings per share for the current fiscal year.
CBS has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of CBS in a research note to investors on Tuesday. Separately, analysts at UBS AG raised their price target on shares of CBS from $45.00 to $54.00 in a research note to investors on Thursday, March 14th. They now have a “buy” rating on the stock. Finally, analysts at Nomura raised their price target on shares of CBS from $45.00 to $48.50 in a research note to investors on Wednesday, March 13th. They now have a “neutral” rating on the stock.
Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. CBS presently has a consensus rating of “Buy” and an average price target of $46.93.
CBS Corporation is a mass media company. The Company has operations in segments, which include Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor.