Breaking: CBS Corp (NYSE:CBS) “Buy” Rating Reaffirmed at Jefferies Today; The Price Target is $73.0

September 17, 2017 - By Vivian Currie

 Breaking: CBS Corp (NYSE:CBS)

Investors sentiment decreased to 0.83 in Q4 2016. 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.

Bedell Frazier Investment Counseling Ltd Liability Company holds 3.92% of its portfolio in CBS Corporation (NYSE:CBS) for 156,714 shares. Westpac Bk, Australia-based fund reported 25,439 shares. Vantage Advisors Limited Liability Corporation has 217 shares for 0.01% of their portfolio. Lmr Prtn Ltd Liability Partnership invested 0.12% in CBS Corporation (NYSE:CBS). State Of Tennessee Treasury Department holds 0.15% or 450,791 shares in its portfolio. New York State Teachers Retirement System reported 694,262 shares or 0.12% of all its holdings. Retirement Of Alabama invested 0.1% of its portfolio in CBS Corporation (NYSE:CBS). Profund Advsrs Ltd Llc reported 13,833 shares. Boston Private Wealth Ltd Liability reported 6,259 shares. Bridgeway Mngmt Inc holds 55,700 shares. American Tx, a Texas-based fund reported 112,960 shares. Ameriprise holds 655,825 shares or 0.02% of its portfolio. Apriem Advsr owns 35 shares or 0% of their US portfolio. Highbridge Mngmt Limited Company holds 0.19% of its portfolio in CBS Corporation (NYSE:CBS) for 163,592 shares. Advent Cap Mgmt De accumulated 47,700 shares.

CBS Corp (NYSE:CBS) Rating Reaffirmed

CBS Corp (NYSE:CBS) just had their share rating of a ‘”Buy”‘ issued by research analysts at Jefferies, who now has a $73.0 target on the $23.40 billion market cap company or a 25.36 % upside potential. This key information was revealed to investors in an analyst report on Monday morning.

Investors sentiment decreased to 0.83 in Q4 2016. 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.

Bedell Frazier Investment Counseling Ltd Liability Company holds 3.92% of its portfolio in CBS Corporation (NYSE:CBS) for 156,714 shares. Westpac Bk, Australia-based fund reported 25,439 shares. Vantage Advisors Limited Liability Corporation has 217 shares for 0.01% of their portfolio. Lmr Prtn Ltd Liability Partnership invested 0.12% in CBS Corporation (NYSE:CBS). State Of Tennessee Treasury Department holds 0.15% or 450,791 shares in its portfolio. New York State Teachers Retirement System reported 694,262 shares or 0.12% of all its holdings. Retirement Of Alabama invested 0.1% of its portfolio in CBS Corporation (NYSE:CBS). Profund Advsrs Ltd Llc reported 13,833 shares. Boston Private Wealth Ltd Liability reported 6,259 shares. Bridgeway Mngmt Inc holds 55,700 shares. American Tx, a Texas-based fund reported 112,960 shares. Ameriprise holds 655,825 shares or 0.02% of its portfolio. Apriem Advsr owns 35 shares or 0% of their US portfolio. Highbridge Mngmt Limited Company holds 0.19% of its portfolio in CBS Corporation (NYSE:CBS) for 163,592 shares. Advent Cap Mgmt De accumulated 47,700 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 Jefferies with “Buy” on Thursday, July 13. The stock has “Buy” rating by Needham on Friday, April 28. 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 Tuesday, October 6 by Topeka Capital Markets. The rating was maintained by Topeka Capital Markets with “Buy” on Wednesday, November 4. On Friday, October 9 the stock rating was initiated by Pacific Crest with “Sector Weight”. The firm has “Neutral” rating by UBS given on Wednesday, November 4. The company was maintained on Friday, August 21 by Credit Suisse. The stock of CBS Corporation (NYSE:CBS) earned “Buy” rating by Benchmark on Tuesday, August 8. Deutsche Bank maintained CBS Corporation (NYSE:CBS) rating on Friday, March 18. Deutsche Bank has “Buy” rating and $64 target.

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 await CBS Corporation (NYSE:CBS) to report earnings on November, 2. They expect $1.14 EPS, up 8.57 % or $0.09 from last year’s $1.05 per share. CBS’s profit will be $458.11M for 12.77 P/E if the $1.14 EPS becomes a reality. After $1.04 actual EPS reported by CBS Corporation for the previous quarter, Wall Street now forecasts 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: Prnewswire.com which released: “CBS Corporation Chairman And Chief Executive Officer Leslie Moonves To …” on September 05, 2017, also Prnewswire.com with their article: “Sinclair Broadcast Group, Inc. And CBS Announce Affiliation Agreement Renewals” published on September 11, 2017, Nasdaq.com published: “CBS Corp (CBS) Down 3.9% Since Earnings Report: Can It Rebound?” on September 07, 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 Nasdaq.com‘s news article titled: “CBS Corporation (CBS) Ex-Dividend Date Scheduled for September 07, 2017” with publication date: September 06, 2017.

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