CBS Corp (NYSE:CBS) Where Headed Next?

CBS Corp (NYSE:CBS) shares traded 0.23% up during most recent session to reach at the closing price of $61.61. The stock exchanged hands 1.65 Million shares versus average trading capacity of 3.1 Million shares, yielding a market cap of $25.03 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $73.94 within the next 52-weeks. The mean target projections are based on 31 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have CBS Corp (NYSE:CBS) high price target of $86 and with a conservative view have low price target of $56.

Rosenblatt “Initiates Coverage On” CBS Corp (NYSE:CBS) in a research note issued to investors on 4/04/17 to Buy with price target of $80.

Additionally on 3/30/17 Nomura “Maintained” CBS Corp (NYSE:CBS) to Buy setting price target at $74 and on 2/06/17 Atlantic Equities “Upgrades” the stock to Overweight at $0. Furthermore on 1/12/17 Pivotal Research “Downgrades” the stock to Hold at $67.

On the other hand the company has Relative Strength Index (RSI 14) of 37.79 along with Average True Range (ATR 14) of 1.32, Consequently CBS Corp (NYSE:CBS)’s weekly and monthly volatility is 1.55%, 2.25% respectively. The company’s beta value is at 1.72.

In terms of Buy, Sell or Hold recommendations, CBS Corp (NYSE:CBS) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts CBS Corp (NYSE:CBS)’s minimum EPS for the current quarter is at $0.85 and can go high up to $1.02. The consensus mean EPS for the current quarter is at $0.98 derived from a total of 31 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.93 earnings per share for the same quarter during last year.

Previously CBS Corp (NYSE:CBS) reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.1. The company posted an earnings surprise of 10.4%.

While considering growth estimates of the company, it has next quarter growth estimates of 11.4% whereas during current quarter it has 5.4% estimations over growth, comparing to the estimations of 8.5% during current year and 15.5% for next year. Past 5 years growth of CBS Corp (NYSE:CBS) observed at 12.27%, looking forward for the next 5 years it has a strong prediction of 16.51% over growth.

CBS Corp (NYSE:CBS)’s revenue estimates for the current quarter are $3.09 Billion according to 27 number of analysts, for the current quarter the company has high revenue estimates of $3.18 Billion in contradiction of low revenue estimates of $2.98 Billion. For the current year the company’s revenue estimates are $13.4 Billion compared to low analyst estimates of $13.14 Billion and high estimates of $13.61 Billion according to 30 number of analysts.

Currently CBS Corp (NYSE:CBS)’s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 85.9%. However the six-month change in the insider ownership was recorded -17.57%, as well as three-month change in the institutional ownership was recorded -2.14%.

CBS Corp (NYSE:CBS) 52-week high price stands at $70.10 and low price stands at $48.88, its price distance from 52-week high is -12.11% while its distance from 52-week low price is 26.04%. The stock hit its 52-week high on 04/05/17, and 52-week low on 09/21/16.

CBS Corp (NYSE:CBS)’s trailing twelve month revenues are $12.66 Billion, whereas its price to sales ratio for the same period is 2.12. Its book value per share for the most recent quarter is $7.04 while its price to book ratio for the same period is 8.75, as for as the company’s cash per share for the most recent quarter is $0.37, however its price to cash per share ratio for the same period is 164.57. The stock has 5 year expected PEG ratio of 1.06 whereas its trailing twelve month P/E ratio is 17.48.

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