Barclays Capital Raises Price Target on CBS (CBS)
Equities researchers at Barclays Capital (NYSE: BCS) upped their target price on shares of CBS (NYSE: CBS) from $32.00 to $37.00 in a report issued on Wednesday. The firm currently has an “equal weight” rating on the stock.
CBS opened at 34.19 on Wednesday. CBS has a 52-week low of $17.99 and a 52-week high of $35.00. The company has a market cap of $22.192 billion and a price-to-earnings ratio of 17.80.
The company last announced its quarterly results on Tuesday, May 1st. It reported $0.54 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.43 EPS by $0.11. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts expect that CBS will post $0.63 EPS next quarter.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of CBS to $38.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Benchmark Co. raised their price target on shares of CBS from $33.00 to $39.00 in a research note to investors on Wednesday. Finally, analysts at Bank of America (NYSE: BAC) raised their price target on shares of CBS from $38.00 to $40.00 in a research note to investors on Wednesday.
CBS Corporation (CBS Corp.) is a mass media company. CBS Corp. operates in segments, including Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor.