Barrington analyst James Goss maintained a Buy rating on CBS (CBS) today and set a price target of $47.00. The company’s shares closed last Monday at $38.01, close to its 52-week low of $35.02.
According to TipRanks.com, Goss is a 5-star analyst with an average return of 7.9% and a 57.2% success rate. Goss covers the Services sector, focusing on stocks such as Clear Channel Outdoor, Nexstar Media Group, and Lions Gate Ent Cl A.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CBS with a $52.13 average price target, implying a 35.3% upside from current levels. In a report issued on November 4, Benchmark Co. also maintained a Buy rating on the stock with a $61.00 price target.
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Based on CBS’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.81 billion and net profit of $440 million. In comparison, last year the company earned revenue of $3.26 billion and had a net profit of $488 million.
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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.
