CBS Corp. (NYSE:CBS) has been assigned a consensus rating of “Buy” from the thirty-two ratings firms that are currently covering the firm. Six research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $64.04.

Several research analysts have issued reports on CBS shares. Drexel Hamilton started coverage on shares of CBS Corp. in a report on Tuesday, September 6th. They set a “buy” rating and a $65.00 price target for the company. Jefferies Group restated a “buy” rating on shares of CBS Corp. in a report on Monday, September 12th. Argus restated a “buy” rating and set a $71.00 price target on shares of CBS Corp. in a report on Tuesday, October 4th. Telsey Advisory Group lowered shares of CBS Corp. from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $67.00 to $57.00 in a report on Thursday, September 22nd. Finally, Zacks Investment Research upgraded shares of CBS Corp. from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Thursday, August 4th.

COPYRIGHT VIOLATION WARNING: “CBS Corp. (CBS) Given Average Recommendation of “Buy” by Brokerages” was posted by Financial Market News and is owned by of Financial Market News. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this article can be viewed at http://www.financial-market-news.com/cbs-corp-cbs-given-average-recommendation-of-buy-by-brokerages/1208671/.

Shares of CBS Corp. (NYSE:CBS) traded up 1.07% during mid-day trading on Tuesday, hitting $61.14. 1,769,464 shares of the stock were exchanged. CBS Corp. has a 12-month low of $41.36 and a 12-month high of $61.34. The stock’s 50 day moving average price is $57.34 and its 200-day moving average price is $54.33. The stock has a market capitalization of $26.27 billion, a P/E ratio of 17.17 and a beta of 1.64.

CBS Corp. (NYSE:CBS) last released its quarterly earnings results on Thursday, November 3rd. The media conglomerate reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.07. CBS Corp. had a net margin of 11.32% and a return on equity of 33.06%. The firm earned $3.40 million during the quarter, compared to analyst estimates of $3.26 million. During the same quarter last year, the business earned $0.88 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts expect that CBS Corp. will post $4.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Friday, December 9th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Wednesday, December 7th. CBS Corp.’s payout ratio is 20.17%.

Large investors have recently added to or reduced their stakes in the company. Societe Generale acquired a new stake in CBS Corp. during the second quarter worth approximately $109,000. M&R Capital Management Inc. acquired a new stake in CBS Corp. during the second quarter worth approximately $123,000. NEXT Financial Group Inc boosted its stake in CBS Corp. by 295.0% in the third quarter. NEXT Financial Group Inc now owns 2,773 shares of the media conglomerate’s stock worth $152,000 after buying an additional 2,071 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its stake in CBS Corp. by 11.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,861 shares of the media conglomerate’s stock worth $156,000 after buying an additional 300 shares during the last quarter. Finally, Trust Department MB Financial Bank N A boosted its stake in CBS Corp. by 457.3% in the second quarter. Trust Department MB Financial Bank N A now owns 2,809 shares of the media conglomerate’s stock worth $156,000 after buying an additional 2,305 shares during the last quarter. Institutional investors own 77.91% of the company’s stock.

About CBS Corp.

CBS Corporation is a mass media company. The Company’s segments include Entertainment, Cable Networks, Publishing and Local Broadcasting. Its Entertainment segment is composed of the CBS Television Network; CBS Television Studios; CBS Global Distribution Group (composed of CBS Studios International and CBS Television Distribution); CBS Interactive, and CBS Films.

5 Day Chart for NYSE:CBS

Receive News & Ratings for CBS Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBS Corp. and related companies with MarketBeat.com's FREE daily email newsletter.