UBS AG Raises Price Target on CBS (CBS)

By admin | 6 years ago

Equities researchers at UBS AG (NYSE: UBS) upped their target price on shares of CBS (NYSE: CBS) to $37.00 in a report issued on Wednesday. The firm currently has a “buy” rating on the stock.

Shares of CBS traded up 0.02% during mid-day trading on Wednesday, hitting $34.1985. CBS has a 52 week low of $17.99 and a 52 week high of $35.00. The company has a market cap of $22.198 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 firms have also recently commented on CBS. Analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of CBS in a research note to investors on Wednesday. Separately, analysts at Benchmark Co. reiterated a “buy” rating on shares of CBS in a research note to investors on Wednesday. Finally, analysts at Wedbush reiterated a “neutral” rating on shares of CBS 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.

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