CBS (CBS) Upgraded to “B-” at TheStreet

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CBS (NYSE:CBS) was upgraded by research analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Tuesday, TheStreetRatingsTable reports.

A number of other analysts have also recently issued reports on CBS. Barrington Research reaffirmed a “buy” rating and issued a $72.00 price objective on shares of CBS in a research report on Monday, February 4th. Moffett Nathanson upgraded CBS from a “neutral” rating to a “buy” rating in a research note on Thursday, January 17th. Benchmark decreased their price target on CBS from $90.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, February 13th. Atlantic Securities lowered CBS from an “overweight” rating to a “neutral” rating and set a $56.00 price target on the stock. in a research note on Monday, February 11th. Finally, Stephens upgraded CBS from an “equal weight” rating to an “overweight” rating and set a $58.00 price target on the stock in a research note on Wednesday, January 2nd. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $64.63.

Shares of NYSE CBS traded down $1.12 during mid-day trading on Tuesday, reaching $50.01. 831,035 shares of the company’s stock were exchanged, compared to its average volume of 2,226,820. The firm has a market cap of $19.12 billion, a P/E ratio of 9.64, a P/E/G ratio of 0.68 and a beta of 1.26. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.48 and a quick ratio of 1.04. CBS has a twelve month low of $41.38 and a twelve month high of $59.59.

CBS (NYSE:CBS) last released its quarterly earnings results on Thursday, February 14th. The media conglomerate reported $1.50 EPS for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.03). The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.13 billion. CBS had a return on equity of 83.61% and a net margin of 13.50%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 EPS. Equities analysts anticipate that CBS will post 5.63 EPS for the current year.

In other CBS news, EVP Jonathan Anschell sold 20,730 shares of the company’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $50.11, for a total value of $1,038,780.30. Following the sale, the executive vice president now owns 23,358 shares in the company, valued at approximately $1,170,469.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary L. Countryman sold 4,584 shares of the company’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $51.35, for a total value of $235,388.40. Following the completion of the sale, the director now owns 63,454 shares in the company, valued at approximately $3,258,362.90. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Large investors have recently made changes to their positions in the company. Investec Asset Management LTD increased its holdings in CBS by 1.4% during the 1st quarter. Investec Asset Management LTD now owns 3,776,288 shares of the media conglomerate’s stock worth $179,487,000 after purchasing an additional 52,050 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of CBS by 2.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,301,372 shares of the media conglomerate’s stock valued at $144,337,000 after acquiring an additional 67,034 shares in the last quarter. Baupost Group LLC MA bought a new position in shares of CBS in the fourth quarter valued at approximately $111,357,000. APG Asset Management N.V. grew its holdings in shares of CBS by 26.7% in the fourth quarter. APG Asset Management N.V. now owns 2,242,918 shares of the media conglomerate’s stock valued at $85,781,000 after acquiring an additional 472,042 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of CBS by 14.3% in the fourth quarter. Legal & General Group Plc now owns 1,809,362 shares of the media conglomerate’s stock valued at $79,105,000 after acquiring an additional 226,403 shares in the last quarter. 75.73% 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.

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Analyst Recommendations for CBS (NYSE:CBS)

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