Research analysts at Stephens assumed coverage on shares of CBS (NYSE:CBS) in a note issued to investors on Thursday. The brokerage set an “overweight” rating on the media conglomerate’s stock.

CBS has been the topic of a number of other research reports. Citigroup reaffirmed a “buy” rating and set a $76.00 price target (up previously from $75.00) on shares of CBS in a research report on Wednesday, August 23rd. ValuEngine cut CBS from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Zacks Investment Research raised CBS from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Credit Suisse Group dropped their price target on CBS from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Finally, Loop Capital reaffirmed a “buy” rating and set a $78.00 price target on shares of CBS in a research report on Sunday, August 20th. Six research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. CBS presently has an average rating of “Buy” and a consensus target price of $73.29.

CBS (NYSE:CBS) opened at $57.17 on Thursday. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.55 and a quick ratio of 1.10. CBS has a 1 year low of $52.75 and a 1 year high of $70.10. The firm has a market capitalization of $23,198.32, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 1.04 and a beta of 1.62.

CBS (NYSE:CBS) last issued its quarterly earnings results on Thursday, November 2nd. The media conglomerate reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. CBS had a return on equity of 58.49% and a net margin of 2.14%. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities analysts expect that CBS will post 4.39 EPS for the current year.

In related news, CEO Leslie Moonves sold 150,000 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $57.62, for a total transaction of $8,643,000.00. Following the sale, the chief executive officer now owns 1,182,652 shares of the company’s stock, valued at approximately $68,144,408.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce S. Gordon sold 5,093 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $55.50, for a total value of $282,661.50. The disclosure for this sale can be found here. Insiders have sold a total of 315,279 shares of company stock worth $18,376,728 in the last three months. 1.67% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Hawaii increased its stake in CBS by 0.3% in the 2nd quarter. Bank of Hawaii now owns 18,458 shares of the media conglomerate’s stock worth $1,177,000 after acquiring an additional 50 shares during the last quarter. Stanley Laman Group Ltd. increased its stake in CBS by 1.4% in the 2nd quarter. Stanley Laman Group Ltd. now owns 9,201 shares of the media conglomerate’s stock worth $587,000 after acquiring an additional 127 shares during the last quarter. Geneva Advisors LLC increased its stake in CBS by 3.0% in the 2nd quarter. Geneva Advisors LLC now owns 7,818 shares of the media conglomerate’s stock worth $499,000 after acquiring an additional 227 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in CBS by 2.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 14,130 shares of the media conglomerate’s stock worth $901,000 after acquiring an additional 370 shares during the last quarter. Finally, Bridgewater Wealth & Financial Management LLC increased its stake in CBS by 12.3% in the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 3,421 shares of the media conglomerate’s stock worth $218,000 after acquiring an additional 374 shares during the last quarter. Institutional investors and hedge funds own 74.83% of the company’s stock.

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CBS Company Profile

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 (NYSE:CBS)

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