CBS Corporation (NYSE:CBS) had its price target cut by Jefferies Group LLC from $73.00 to $66.00 in a report issued on Friday. They currently have a buy rating on the media conglomerate’s stock. Jefferies Group also issued estimates for CBS Corporation’s FY2017 earnings at $4.42 EPS, Q1 2018 earnings at $1.06 EPS, Q2 2018 earnings at $1.19 EPS, Q4 2018 earnings at $1.38 EPS, FY2018 earnings at $5.04 EPS, Q1 2019 earnings at $1.37 EPS and Q2 2019 earnings at $1.39 EPS.

CBS has been the topic of several other research reports. BidaskClub upgraded shares of CBS Corporation from a hold rating to a buy rating in a research note on Tuesday, July 25th. Barclays PLC set a $57.00 target price on shares of CBS Corporation and gave the stock a hold rating in a research note on Friday, August 11th. Argus reiterated a buy rating and issued a $79.00 target price (up previously from $71.00) on shares of CBS Corporation in a research note on Thursday, August 10th. BMO Capital Markets reiterated a buy rating and issued a $80.00 target price on shares of CBS Corporation in a research note on Tuesday, August 8th. Finally, Royal Bank Of Canada reiterated an outperform rating and issued a $77.00 target price (up previously from $75.00) on shares of CBS Corporation in a research note on Tuesday, August 8th. Seven research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $73.33.

Shares of CBS Corporation (NYSE:CBS) traded down $0.79 during midday trading on Friday, hitting $55.40. 15,147,290 shares of the company traded hands, compared to its average volume of 4,393,937. CBS Corporation has a one year low of $52.75 and a one year high of $70.10. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.76 and a quick ratio of 1.28. The stock has a market capitalization of $22,251.52, a PE ratio of 12.88, a P/E/G ratio of 0.97 and a beta of 1.62.

CBS Corporation (NYSE:CBS) last posted its quarterly earnings data on Thursday, November 2nd. The media conglomerate reported $1.11 EPS for the quarter, topping the consensus estimate of $1.07 by $0.04. CBS Corporation had a net margin of 2.14% and a return on equity of 58.14%. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. CBS Corporation’s quarterly revenue was up 2.8% on a year-over-year basis. equities analysts anticipate that CBS Corporation will post 4.41 EPS for the current year.

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In related news, CEO Leslie Moonves sold 150,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $64.68, for a total transaction of $9,702,000.00. Following the completion of the transaction, the chief executive officer now owns 1,182,652 shares in the company, valued at $76,493,931.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Anthony G. Ambrosio sold 8,167 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $65.96, for a total transaction of $538,695.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 512,298 shares of company stock valued at $30,900,946. Corporate insiders own 1.67% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Independent Portfolio Consultants Inc. lifted its position in CBS Corporation by 31.4% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,936 shares of the media conglomerate’s stock valued at $187,000 after purchasing an additional 701 shares during the last quarter. Centre Asset Management LLC lifted its holdings in shares of CBS Corporation by 3.3% in the 2nd quarter. Centre Asset Management LLC now owns 102,570 shares of the media conglomerate’s stock worth $6,542,000 after acquiring an additional 3,310 shares during the last quarter. Bremer Trust National Association lifted its holdings in shares of CBS Corporation by 1.9% in the 2nd quarter. Bremer Trust National Association now owns 30,511 shares of the media conglomerate’s stock worth $1,946,000 after acquiring an additional 568 shares during the last quarter. Berson & Corrado Investment Advisors LLC lifted its holdings in shares of CBS Corporation by 5.0% in the 2nd quarter. Berson & Corrado Investment Advisors LLC now owns 62,214 shares of the media conglomerate’s stock worth $3,968,000 after acquiring an additional 2,957 shares during the last quarter. Finally, First Financial Bank Trust Division lifted its holdings in shares of CBS Corporation by 2.5% in the 2nd quarter. First Financial Bank Trust Division now owns 4,995 shares of the media conglomerate’s stock worth $319,000 after acquiring an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.

About CBS Corporation

CBS Corporation is a mass media company. The Company operates through four segment: Entertainment, Cable Networks, Publishing, Local Media. The Entertainment segment comprises the CBS TV Network; CBS TV Studios; CBS Studios International and CBS TV Distribution; CBS Interactive; CBS Films; and the Company’s digital streaming services, CBS All Access and CBSN.

Analyst Recommendations for CBS Corporation (NYSE:CBS)

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