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.
A number of analysts gave price targets for CBS. The most optimistic analyst gave a price target of 80, implying a possible profit of 18.64 percent. The minimum price target given was 56, which equates to a potential downside of -16.95 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -3.45 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.23 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.91 percent.
People are often interested in whether analysts were united in the direction of their revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 4 analysts that decreased their estimates. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 5 analysts that revised their FY estimates downwards.
The growth rate of CBS's earnings is estimated by analysts to be 293.53 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, 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 P/E 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.