Pivotal Research analyst Brian Wieser reiterated a Hold rating on CBS Corp (NYSE: CBS) today and set a price target of $53. The company’s shares closed yesterday at $52.72.
Wieser said:
“We continue to value CBS stock at $53 on a YE2018 basis and rate it Hold.”
According to TipRanks.com, Wieser is a 5-star analyst with an average return of 11.2% and a 76.9% success rate. Wieser covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Nielsen Holdings, and 21st Century Fox.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CBS Corp with a $64.33 average price target, implying a 22.0% upside from current levels. In a report issued on July 30, CFRA also downgraded the stock to Hold.
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Based on CBS Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.76 billion and net profit of $511 million. In comparison, last year the company earned revenue of $3.26 billion and had a net profit of $58 million.
Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Gil Schwartz, the Sr.EVP, Chief Commun. Officer of CBS sold 160,709 shares for a total of $8,851,852.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
CBS Corp. operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through following segments: Entertainment, Cable Networks, Publishing, and Local Media.
