CBS Co. (CBS) Receives $68.75 Consensus PT from Analysts

CBS Co. (NYSE:CBS) has been given an average recommendation of “Buy” by the twenty-six analysts that are covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $68.75.

CBS has been the subject of a number of recent analyst reports. Loop Capital initiated coverage on shares of CBS in a research report on Thursday, March 15th. They set a “buy” rating and a $75.00 price target for the company. Citigroup dropped their price target on shares of CBS from $71.00 to $61.00 and set a “buy” rating for the company in a research report on Wednesday, March 28th. TheStreet cut shares of CBS from a “b” rating to a “c” rating in a research report on Thursday, February 15th. Zacks Investment Research upgraded shares of CBS from a “sell” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Wells Fargo reiterated an “outperform” rating and set a $70.00 price target (down from $75.00) on shares of CBS in a research report on Thursday, January 4th.

In related news, COO Joseph R. Ianniello sold 46,621 shares of CBS stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $60.01, for a total value of $2,797,726.21. Following the completion of the transaction, the chief operating officer now owns 321,463 shares in the company, valued at $19,290,994.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Leslie Moonves sold 85,000 shares of CBS stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $51.05, for a total transaction of $4,339,250.00. Following the completion of the transaction, the chief executive officer now owns 885,831 shares of the company’s stock, valued at approximately $45,221,672.55. The disclosure for this sale can be found here. Insiders sold 301,621 shares of company stock valued at $16,107,876 in the last quarter. 1.80% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB lifted its stake in CBS by 3.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 65,958 shares of the media conglomerate’s stock worth $3,892,000 after acquiring an additional 2,041 shares during the last quarter. Toronto Dominion Bank lifted its stake in CBS by 12.5% in the fourth quarter. Toronto Dominion Bank now owns 155,517 shares of the media conglomerate’s stock worth $9,176,000 after acquiring an additional 17,240 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in CBS by 53.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,419 shares of the media conglomerate’s stock worth $1,264,000 after acquiring an additional 7,436 shares during the last quarter. Tower View Investment Management & Research LLC purchased a new position in CBS in the fourth quarter worth approximately $1,201,000. Finally, Financial Counselors Inc. lifted its stake in CBS by 51.9% in the fourth quarter. Financial Counselors Inc. now owns 139,468 shares of the media conglomerate’s stock worth $8,229,000 after acquiring an additional 47,637 shares during the last quarter. Institutional investors own 77.86% of the company’s stock.

Shares of CBS traded up $0.38 during trading on Wednesday, reaching $49.71. 2,243,302 shares of the company traded hands, compared to its average volume of 4,179,127. CBS has a twelve month low of $49.04 and a twelve month high of $68.75. The stock has a market cap of $18,879.53, a PE ratio of 11.92, a P/E/G ratio of 0.69 and a beta of 1.47. The company has a debt-to-equity ratio of 4.78, a current ratio of 1.58 and a quick ratio of 1.12.

CBS (NYSE:CBS) last announced its quarterly earnings results on Thursday, February 15th. The media conglomerate reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. CBS had a net margin of 2.61% and a return on equity of 67.23%. The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the business earned $1.11 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. sell-side analysts expect that CBS will post 5.21 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Friday, March 9th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Thursday, March 8th. CBS’s payout ratio is 17.18%.

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About CBS

CBS Corporation operates as a mass media company worldwide. The company operates through 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, acquires, and distributes theatrical motion pictures; and digital streaming services.

Analyst Recommendations for CBS (NYSE:CBS)

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