Wedbush Reaffirms Neutral Rating on CBS (CBS)
Shares of CBS traded up 0.13% during mid-day trading on Wednesday, hitting $34.235. CBS has a 52 week low of $17.99 and a 52 week high of $35.00. The company has a market cap of $22.221 billion and a P/E 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. On average, analysts predict that CBS will post $0.63 earnings per share next quarter.
A number of other analysts have also recently weighed in on CBS. Analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of CBS from $32.00 to $37.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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.
CBS Corporation (CBS Corp.) is a mass media company. CBS Corp. operates in segments, including Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor.