Benchmark Maintains CBS Corp (NYSE:CBS) As a “Buy”; They Now Have a Price Target Of $76.00

June 19, 2017 - By Adrian Mccoy

 Benchmark Maintains CBS Corp (NYSE:CBS) As a

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.

State Board Of Administration Of Florida Retirement Systems invested in 623,806 shares or 0.12% of the stock. Bowling Management Ltd Liability Com reported 94,877 shares. Stanley reported 0.09% in CBS Corporation (NYSE:CBS). Pennsylvania-based Philadelphia has invested 1.27% in CBS Corporation (NYSE:CBS). Private Advisor Group Limited Liability Corp invested in 0.01% or 3,303 shares. Cambridge Rech Advsrs Incorporated owns 10,355 shares for 0.01% of their portfolio. The California-based Wetherby Asset Management has invested 0.12% in CBS Corporation (NYSE:CBS). Icon Advisers invested 0.22% of its portfolio in CBS Corporation (NYSE:CBS). Westchester Mngmt Ltd Liability Co reported 683,900 shares. Barometer Mgmt reported 222,600 shares. Dimensional Fund Advsr Lp invested in 78,511 shares or 0% of the stock. Qs Invsts Limited Liability Com owns 0.13% invested in CBS Corporation (NYSE:CBS) for 240,880 shares. Blackrock Advsr Limited Co holds 0% or 350 shares. First Tru Advisors L P invested in 135,599 shares. The Switzerland-based Gam Hldgs Ag has invested 0.06% in CBS Corporation (NYSE:CBS).

Since December 27, 2016, it had 0 insider purchases, and 14 insider sales for $22.31 million activity. GRIEGO LINDA M had sold 15,279 shares worth $996,965. $746,383 worth of stock was sold by Tu Lawrence on Wednesday, February 22. 68,000 shares valued at $4.23 million were sold by Ianniello Joseph R on Tuesday, January 17. Jones Richard M had sold 71,412 shares worth $4.80 million. 2,548 shares were sold by ANDELMAN DAVID R, worth $159,132. Liding Lawrence had sold 26,291 shares worth $1.77M. Ambrosio Anthony G had sold 3,601 shares worth $242,912.

CBS Corp (NYSE:CBS) Rating Reaffirmed

Equity research analysts at Benchmark now has a $76.00 price target on CBS Corp (NYSE:CBS). Benchmark and their recent price target would suggest a potential upside of 22.13 % from the company’s last stock price. The rating has been released in a research note on Friday morning.

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.

State Board Of Administration Of Florida Retirement Systems invested in 623,806 shares or 0.12% of the stock. Bowling Management Ltd Liability Com reported 94,877 shares. Stanley reported 0.09% in CBS Corporation (NYSE:CBS). Pennsylvania-based Philadelphia has invested 1.27% in CBS Corporation (NYSE:CBS). Private Advisor Group Limited Liability Corp invested in 0.01% or 3,303 shares. Cambridge Rech Advsrs Incorporated owns 10,355 shares for 0.01% of their portfolio. The California-based Wetherby Asset Management has invested 0.12% in CBS Corporation (NYSE:CBS). Icon Advisers invested 0.22% of its portfolio in CBS Corporation (NYSE:CBS). Westchester Mngmt Ltd Liability Co reported 683,900 shares. Barometer Mgmt reported 222,600 shares. Dimensional Fund Advsr Lp invested in 78,511 shares or 0% of the stock. Qs Invsts Limited Liability Com owns 0.13% invested in CBS Corporation (NYSE:CBS) for 240,880 shares. Blackrock Advsr Limited Co holds 0% or 350 shares. First Tru Advisors L P invested in 135,599 shares. The Switzerland-based Gam Hldgs Ag has invested 0.06% in CBS Corporation (NYSE:CBS).

Since December 27, 2016, it had 0 insider purchases, and 14 insider sales for $22.31 million activity. GRIEGO LINDA M had sold 15,279 shares worth $996,965. $746,383 worth of stock was sold by Tu Lawrence on Wednesday, February 22. 68,000 shares valued at $4.23 million were sold by Ianniello Joseph R on Tuesday, January 17. Jones Richard M had sold 71,412 shares worth $4.80 million. 2,548 shares were sold by ANDELMAN DAVID R, worth $159,132. Liding Lawrence had sold 26,291 shares worth $1.77M. Ambrosio Anthony G had sold 3,601 shares worth $242,912.

CBS Corporation (NYSE:CBS) Ratings Coverage

Among 25 analysts covering CBS Corp (NYSE:CBS), 20 have Buy rating, 0 Sell and 5 Hold. Therefore 80% are positive. CBS Corp has $80 highest and $6 lowest target. $63.19’s average target is 1.10% above currents $62.5 stock price. CBS Corp had 60 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, April 28 by Needham. Wells Fargo upgraded the shares of CBS in report on Wednesday, March 9 to “Outperform” rating. The rating was maintained by Deutsche Bank with “Buy” on Friday, July 29. The firm has “Buy” rating by Drexel Hamilton given on Tuesday, September 6. Benchmark maintained the stock with “Buy” rating in Friday, June 16 report. The rating was maintained by Benchmark with “Buy” on Tuesday, May 3. The firm earned “Outperform” rating on Friday, February 12 by Wedbush. The rating was initiated by Wunderlich with “Buy” on Friday, October 21. The rating was maintained by Benchmark with “Buy” on Friday, May 5. RBC Capital Markets maintained CBS Corporation (NYSE:CBS) on Thursday, February 16 with “Outperform” rating.

About 340,263 shares traded. CBS Corporation (NYSE:CBS) has risen 18.35% since June 19, 2016 and is uptrending. It has outperformed by 1.65% the S&P500.

CBS Corporation is a mass media company. The company has market cap of $28.08 billion. The Firm operates through four segment: Entertainment, Cable Networks, Publishing, Local Media. It has a 17.73 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: Prnewswire.com which released: “CBS Corporation Announces New Agreement With Chairman, President And Chief …” on May 22, 2017, also Prnewswire.com with their article: “CBS and Sinclair Broadcast Group, Inc. Announce Affiliation Agreement Renewals” published on June 12, 2017, Seekingalpha.com published: “Variety: CBS, cablers start early upfront ad sales” on June 09, 2017. More interesting news about CBS Corporation (NYSE:CBS) were released by: Prnewswire.com and their article: “CBS Corporation To Report Second Quarter 2017 Results on Monday, August 7” published on May 25, 2017 as well as Nasdaq.com‘s news article titled: “CBS Corp (CBS) Down 3.3% Since Earnings Report: Can It Rebound?” with publication date: June 08, 2017.

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