CBS (CBS) Stock Rating Lowered by ValuEngine

CBS (NYSE:CBS) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Several other research firms also recently commented on CBS. Cowen reiterated a “buy” rating on shares of CBS in a research report on Thursday, September 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $80.00 price target on shares of CBS in a research report on Wednesday, September 20th. Zacks Investment Research upgraded shares of CBS from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Guggenheim reiterated a “buy” rating and issued a $78.00 price target on shares of CBS in a research report on Friday, October 6th. Finally, Citigroup reiterated a “buy” rating and issued a $75.00 price target (down previously from $76.00) on shares of CBS in a research report on Wednesday, October 4th. Six investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.21.

Shares of CBS (NYSE:CBS) opened at $59.00 on Friday. CBS has a 12-month low of $52.75 and a 12-month high of $70.10. The company has a market cap of $23,610.50, a price-to-earnings ratio of 80.82, a P/E/G ratio of 1.06 and a beta of 1.62. 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 (NYSE:CBS) last released its quarterly earnings results on Thursday, November 2nd. The media conglomerate reported $1.11 EPS for the quarter, beating the consensus estimate of $1.07 by $0.04. CBS had a net margin of 2.14% and a return on equity of 58.49%. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. CBS’s revenue for the quarter was up 2.8% on a year-over-year basis. equities analysts forecast that CBS will post 4.4 earnings per share for the current year.

In other news, CEO Leslie Moonves sold 150,000 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $57.62, for a total value of $8,643,000.00. Following the completion of the transaction, the chief executive officer now owns 1,182,652 shares in the company, 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 Charles K. Gifford sold 5,093 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $57.33, for a total transaction of $291,981.69. Following the completion of the transaction, the director now owns 70,273 shares of the company’s stock, valued at approximately $4,028,751.09. The disclosure for this sale can be found here. Insiders sold a total of 250,279 shares of company stock valued at $14,437,978 in the last quarter. Insiders own 2.03% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Griffin Asset Management Inc. purchased a new position in shares of CBS in the 2nd quarter valued at about $340,000. Intellectus Partners LLC increased its holdings in shares of CBS by 8.4% in the 2nd quarter. Intellectus Partners LLC now owns 6,601 shares of the media conglomerate’s stock valued at $422,000 after purchasing an additional 509 shares in the last quarter. Green Square Capital LLC increased its holdings in shares of CBS by 18.4% in the 2nd quarter. Green Square Capital LLC now owns 7,390 shares of the media conglomerate’s stock valued at $473,000 after purchasing an additional 1,150 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of CBS by 13.0% in the 2nd quarter. Blair William & Co. IL now owns 8,779 shares of the media conglomerate’s stock valued at $560,000 after purchasing an additional 1,013 shares in the last quarter. Finally, Baltimore Capital Management Inc. purchased a new position in shares of CBS in the 3rd quarter valued at about $570,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

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About CBS

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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