Several other analysts have also recently commented on the stock. Analysts at Pivotal Research initiated coverage on shares of CBS in a research note to investors on Monday. They set a “buy” rating and a $37.00 price target on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of CBS in a research note to investors on Monday, May 28th. They now have a $35.00 price target on the stock. Finally, analysts at UBS AG (NYSE: UBS) raised their price target on shares of CBS to $37.00 in a research note to investors on Wednesday, May 2nd. They now have a “buy” rating on the stock.
CBS traded up 1.79% on Wednesday, hitting $32.40. CBS has a 52-week low of $17.99 and a 52-week high of $35.00. The company has a market cap of $21.000 billion and a price-to-earnings ratio of 14.63.
CBS last posted its quarterly earnings results on Tuesday, May 1st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.11. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts expect that CBS will post $0.64 EPS next quarter.
CBS Corporation is a mass media company. The Company has operations in segments, which include Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor.