Analysts at Jefferies Kept their Past ‘Buy’ rating on Shares CBS Corp (NYSE:CBS), Set a $73.0 Price Objective

September 17, 2017 - By Michael Collier

 Analysts at Jefferies Kept their Past ‘Buy’ rating on Shares CBS Corp (NYSE:CBS), Set a $73.0 Price Objective

Investors sentiment decreased to 0.83 in 2016 Q4. Its down 0.08, from 0.91 in 2016Q3. It is negative, as 50 investors sold CBS Corporation shares while 266 reduced holdings. 94 funds opened positions while 169 raised stakes. 258.43 million shares or 8.05% less from 281.05 million shares in 2016Q3 were reported.

Louisiana State Employees Retirement System owns 24,600 shares. 11,300 are held by Numeric Investors Lc. Cibc World Inc stated it has 65,075 shares. Profund Advsr Ltd Liability has 13,833 shares for 0.04% of their portfolio. Perkins Invest Mngmt Limited Co owns 23,504 shares or 0.02% of their US portfolio. Community Trust & Invest owns 124,911 shares for 0.95% of their portfolio. 406,999 were accumulated by Cramer Rosenthal Mcglynn Ltd. Capstone Asset Mngmt reported 0.05% stake. Voloridge Mgmt Limited Liability Corporation invested 0.06% in CBS Corporation (NYSE:CBS). Sumitomo Life Insur holds 0.27% in CBS Corporation (NYSE:CBS) or 29,979 shares. Ahl Partners Llp accumulated 70,960 shares. Cornerstone Cap Hldgs Limited Liability Corp holds 0.07% of its portfolio in CBS Corporation (NYSE:CBS) for 136,847 shares. 2,217 are held by Brown Brothers Harriman Co. Argent Management Ltd Liability Com stated it has 1.05 million shares. 18,117 are held by Pacad Investment.

CBS Corp (NYSE:CBS) Rating Reaffirmed

In a research note issued to investors and clients this morning, Jefferies reiterated their Buy rating on CBS Corp (NYSE:CBS) shares. The PT indicates a possible upside of 25.36 % from company’s close price.

Investors sentiment decreased to 0.83 in 2016 Q4. Its down 0.08, from 0.91 in 2016Q3. It is negative, as 50 investors sold CBS Corporation shares while 266 reduced holdings. 94 funds opened positions while 169 raised stakes. 258.43 million shares or 8.05% less from 281.05 million shares in 2016Q3 were reported.

Louisiana State Employees Retirement System owns 24,600 shares. 11,300 are held by Numeric Investors Lc. Cibc World Inc stated it has 65,075 shares. Profund Advsr Ltd Liability has 13,833 shares for 0.04% of their portfolio. Perkins Invest Mngmt Limited Co owns 23,504 shares or 0.02% of their US portfolio. Community Trust & Invest owns 124,911 shares for 0.95% of their portfolio. 406,999 were accumulated by Cramer Rosenthal Mcglynn Ltd. Capstone Asset Mngmt reported 0.05% stake. Voloridge Mgmt Limited Liability Corporation invested 0.06% in CBS Corporation (NYSE:CBS). Sumitomo Life Insur holds 0.27% in CBS Corporation (NYSE:CBS) or 29,979 shares. Ahl Partners Llp accumulated 70,960 shares. Cornerstone Cap Hldgs Limited Liability Corp holds 0.07% of its portfolio in CBS Corporation (NYSE:CBS) for 136,847 shares. 2,217 are held by Brown Brothers Harriman Co. Argent Management Ltd Liability Com stated it has 1.05 million shares. 18,117 are held by Pacad Investment.

CBS Corporation (NYSE:CBS) Ratings Coverage

Among 29 analysts covering CBS Corp (NYSE:CBS), 23 have Buy rating, 0 Sell and 6 Hold. Therefore 79% are positive. CBS Corp has $8100 highest and $6 lowest target. $69.24’s average target is 18.91% above currents $58.23 stock price. CBS Corp had 78 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, September 11 by BMO Capital Markets. The stock has “Buy” rating by BMO Capital Markets on Monday, August 7. The stock of CBS Corporation (NYSE:CBS) has “Buy” rating given on Friday, May 5 by Benchmark. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, March 16. RBC Capital Markets maintained the shares of CBS in report on Tuesday, June 6 with “Buy” rating. UBS maintained the shares of CBS in report on Wednesday, November 4 with “Neutral” rating. The stock of CBS Corporation (NYSE:CBS) has “Outperform” rating given on Wednesday, March 9 by Wells Fargo. RBC Capital Markets maintained CBS Corporation (NYSE:CBS) on Tuesday, October 13 with “Top Pick” rating. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, August 8. On Friday, January 8 the stock rating was maintained by Stifel Nicolaus with “Buy”.

The stock increased 0.12% or $0.07 on September 15, reaching $58.23. About 4.95 million shares traded or 64.45% up from the average. CBS Corporation (NYSE:CBS) has risen 18.35% since September 17, 2016 and is uptrending. It has outperformed by 1.65% the S&P500.

Analysts expect CBS Corporation (NYSE:CBS) to report $1.14 EPS on November, 2.They anticipate $0.09 EPS change or 8.57 % from last quarter’s $1.05 EPS. CBS’s profit would be $458.11M giving it 12.77 P/E if the $1.14 EPS is correct. After having $1.04 EPS previously, CBS Corporation’s analysts see 9.62 % EPS growth.

CBS Corporation is a mass media company. The company has market cap of $23.40 billion. The Firm operates through four segment: Entertainment, Cable Networks, Publishing, Local Media. It has a 16.34 P/E ratio. 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.

More notable recent CBS Corporation (NYSE:CBS) news were published by: Nasdaq.com which released: “CBS Corporation (CBS) Ex-Dividend Date Scheduled for September 07, 2017” on September 06, 2017, also Nasdaq.com with their article: “Is CBS Corporation (CBS) a Great Stock for Value Investors?” published on September 04, 2017, Prnewswire.com published: “CBS Corporation Chairman And Chief Executive Officer Leslie Moonves To …” on September 05, 2017. More interesting news about CBS Corporation (NYSE:CBS) were released by: Nasdaq.com and their article: “CBS Corp (CBS) Down 3.9% Since Earnings Report: Can It Rebound?” published on September 07, 2017 as well as Prnewswire.com‘s news article titled: “Sinclair Broadcast Group, Inc. And CBS Announce Affiliation Agreement Renewals” with publication date: September 11, 2017.

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