In a report released today, Laura Martin from Needham maintained a Buy rating on CBS Corp (CBS), with a price target of $60.00. The company’s shares closed last Monday at $36.55, close to its 52-week low of $35.76.
According to TipRanks.com, Martin is a top 100 analyst with an average return of 20.3% and a 63.8% success rate. Martin covers the Services sector, focusing on stocks such as World Wrestling, Discovery Inc, and Walt Disney.
Currently, the analyst consensus on CBS Corp is a Moderate Buy with an average price target of $56.08, implying a 53.9% upside from current levels. In a report issued on October 18, Imperial Capital also maintained a Buy rating on the stock with a $59.00 price target.
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CBS Corp’s market cap is currently $13.62B and has a P/E ratio of 4.46. The company has a Price to Book ratio of 2.87.
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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.
