CBS Co. (CBS) Receives Average Recommendation of “Buy” from Analysts

Shares of CBS Co. (NYSE:CBS) have received a consensus rating of “Hold” from the twenty-three research firms that are presently covering the company, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $63.00.

A number of equities analysts have recently weighed in on CBS shares. Stephens raised CBS from an “equal weight” rating to an “overweight” rating and set a $58.00 price objective for the company in a research note on Wednesday, January 2nd. Barrington Research reissued a “buy” rating and set a $72.00 target price on shares of CBS in a research note on Monday, February 4th. TheStreet cut CBS from a “b-” rating to a “c+” rating in a report on Monday, December 31st. Imperial Capital reissued an “outperform” rating and issued a $72.00 price target (down from $75.00) on shares of CBS in a report on Tuesday, February 19th. Finally, Benchmark dropped their price target on CBS from $90.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, February 13th.

In other CBS news, EVP Jonathan Anschell sold 20,730 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $50.11, for a total transaction of $1,038,780.30. Following the transaction, the executive vice president now directly owns 23,358 shares in the company, valued at approximately $1,170,469.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary L. Countryman sold 4,584 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $51.35, for a total value of $235,388.40. Following the transaction, the director now owns 63,454 shares in the company, valued at $3,258,362.90. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of CBS. Princeton Global Asset Management LLC bought a new stake in shares of CBS in the 4th quarter valued at about $28,000. Lindbrook Capital LLC purchased a new stake in shares of CBS in the fourth quarter valued at approximately $28,000. Trust Co. of Vermont increased its holdings in shares of CBS by 64.6% in the fourth quarter. Trust Co. of Vermont now owns 1,098 shares of the media conglomerate’s stock valued at $48,000 after purchasing an additional 431 shares during the last quarter. Bruderman Asset Management LLC increased its holdings in shares of CBS by 787.9% in the fourth quarter. Bruderman Asset Management LLC now owns 1,394 shares of the media conglomerate’s stock valued at $61,000 after purchasing an additional 1,237 shares during the last quarter. Finally, Exane Asset Management purchased a new position in CBS during the fourth quarter worth approximately $67,000. Institutional investors and hedge funds own 75.70% of the company’s stock.

Shares of NYSE CBS traded up $0.85 during midday trading on Wednesday, reaching $51.22. The stock had a trading volume of 229,975 shares, compared to its average volume of 3,479,807. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.48 and a quick ratio of 1.04. The stock has a market cap of $18.79 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 0.67 and a beta of 1.25. CBS has a 12-month low of $41.38 and a 12-month high of $59.59.

CBS (NYSE:CBS) last released its earnings results on Thursday, February 14th. The media conglomerate reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.03). The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.13 billion. CBS had a net margin of 13.50% and a return on equity of 83.61%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 EPS. On average, research analysts expect that CBS will post 5.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, March 8th. CBS’s payout ratio is currently 13.87%.

About CBS

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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