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

September 17, 2017 - By Peter Erickson

 Analysts at Jefferies Kept their Past ‘

Investors sentiment decreased to 0.83 in 2016 Q4. Its down 0.08, from 0.91 in 2016Q3. It worsened, 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.

Calvert Invest Mngmt owns 28,040 shares. Nationwide Fund Advsrs reported 0.04% of its portfolio in CBS Corporation (NYSE:CBS). Dana Investment holds 0.77% of its portfolio in CBS Corporation (NYSE:CBS) for 256,198 shares. First Personal Financial Service reported 1,145 shares or 0.02% of all its holdings. Bbva Compass Bancorporation accumulated 13,344 shares. Harvey Cap Mngmt Inc stated it has 5.09% of its portfolio in CBS Corporation (NYSE:CBS). Plante Moran Financial Advsr Limited Co has invested 0.06% in CBS Corporation (NYSE:CBS). Mutual Of America Management Ltd Liability Co owns 84,974 shares for 0.1% of their portfolio. Baker Avenue Asset Mngmt Ltd Partnership stated it has 0.09% in CBS Corporation (NYSE:CBS). Capital Ca reported 1.56% of its portfolio in CBS Corporation (NYSE:CBS). Wellington Mgmt Gp Llp accumulated 3.28 million shares. Davenport And Com Ltd Liability invested 0% of its portfolio in CBS Corporation (NYSE:CBS). Fmr Lc accumulated 2.91M shares or 0.02% of the stock. Pension stated it has 347,910 shares or 0.15% of all its holdings. First Interstate Retail Bank holds 0% of its portfolio in CBS Corporation (NYSE:CBS) for 82 shares.

CBS Corp (NYSE:CBS) Rating Reaffirmed

In a report shared with investors on Monday morning, The “Buy” rating of CBS Corp (NYSE:CBS) shares was kept by Jefferies, who now has a $73.0 target on the stock. Jefferies’s target means a possible upside of 25.36 % from the close price of the company.

Investors sentiment decreased to 0.83 in 2016 Q4. Its down 0.08, from 0.91 in 2016Q3. It worsened, 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.

Calvert Invest Mngmt owns 28,040 shares. Nationwide Fund Advsrs reported 0.04% of its portfolio in CBS Corporation (NYSE:CBS). Dana Investment holds 0.77% of its portfolio in CBS Corporation (NYSE:CBS) for 256,198 shares. First Personal Financial Service reported 1,145 shares or 0.02% of all its holdings. Bbva Compass Bancorporation accumulated 13,344 shares. Harvey Cap Mngmt Inc stated it has 5.09% of its portfolio in CBS Corporation (NYSE:CBS). Plante Moran Financial Advsr Limited Co has invested 0.06% in CBS Corporation (NYSE:CBS). Mutual Of America Management Ltd Liability Co owns 84,974 shares for 0.1% of their portfolio. Baker Avenue Asset Mngmt Ltd Partnership stated it has 0.09% in CBS Corporation (NYSE:CBS). Capital Ca reported 1.56% of its portfolio in CBS Corporation (NYSE:CBS). Wellington Mgmt Gp Llp accumulated 3.28 million shares. Davenport And Com Ltd Liability invested 0% of its portfolio in CBS Corporation (NYSE:CBS). Fmr Lc accumulated 2.91M shares or 0.02% of the stock. Pension stated it has 347,910 shares or 0.15% of all its holdings. First Interstate Retail Bank holds 0% of its portfolio in CBS Corporation (NYSE:CBS) for 82 shares.

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 rating was maintained by RBC Capital Markets on Tuesday, June 6 with “Buy”. The firm earned “Buy” rating on Thursday, September 10 by Deutsche Bank. UBS upgraded the stock to “Buy” rating in Tuesday, October 4 report. The firm earned “Outperform” rating on Monday, February 22 by Credit Suisse. The stock of CBS Corporation (NYSE:CBS) has “Buy” rating given on Thursday, July 13 by Jefferies. The stock of CBS Corporation (NYSE:CBS) has “Buy” rating given on Friday, October 21 by Wunderlich. RBC Capital Markets maintained the shares of CBS in report on Tuesday, October 13 with “Top Pick” rating. The firm has “Buy” rating given on Wednesday, March 16 by Stifel Nicolaus. On Friday, January 20 the stock rating was reinitiated by Credit Suisse with “Outperform”. Jefferies maintained it with “Buy” rating and $73.0 target in Monday, September 11 report.

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.

Wall Street await CBS Corporation (NYSE:CBS) to release earnings on November, 2. Analysts forecast EPS of $1.14, up exactly $0.09 or 8.57 % from 2014’s $1.05 EPS. The expected CBS’s profit could reach $458.11M giving the stock 12.77 P/E in the case that $1.14 earnings per share is reported. After posting $1.04 EPS for the previous quarter, CBS Corporation’s analysts now forecast 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 Corp (CBS) Down 3.9% Since Earnings Report: Can It Rebound?” on September 07, 2017, also Nasdaq.com with their article: “CBS Corporation (CBS) Ex-Dividend Date Scheduled for September 07, 2017” published on September 06, 2017, Seekingalpha.com published: “CBS attacking Showtime churn; plans NFL renewal” on September 14, 2017. More interesting news about CBS Corporation (NYSE:CBS) were released by: Nasdaq.com and their article: “Is CBS Corporation (CBS) a Great Stock for Value Investors?” published on September 04, 2017 as well as Prnewswire.com‘s news article titled: “CBS Corporation Chairman And Chief Executive Officer Leslie Moonves To …” with publication date: September 05, 2017.

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