Analyst Ratings for CBS Corp. Cl B (CBS)Updated: 2017-07-28
An average rating of Overweight has been given to CBS Corp. Cl B (NYSE:CBS) by analysts covering the stock. About 30 days ago, CBS was issued an average rating of Buy.
Of the 34 analysts covering the stock, 24 gave it a buy rating, 1 gave an overweight rating, 9 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an decrease of 4 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Investment analysts gave a few price targets for CBS. The most optimistic price target was 80, which equates to a potential upside of 18.64 percent. The lowest price target was 56, implying potential capital losses of -16.95 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -3.45 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.23 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.91 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, while 4 analysts revised their estimates downwards. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 5 analysts made negative revisions to their fiscal year's estimates.
CBS has an estimated earnings growth rate of 293.53 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. CBS has a PEG ratio of 0.21.
CBS has a 52-week high of 70.10 and a 52-week low of 48.88. The current market price is above the trailing year's low by 37.95 percent, and below the high by 3.81 percent. CBS has a price/earnings ratio of 60.21. Investors typically compare the P/E ratio to a company's peers in the industry. The CBS value stock report compares CBS to some of its peers using value stock charts. The market cap of CBS is $27.44 billion. CBS's next earnings release will be on 0000-00-00, which is days away.