CBS (NYSE:CBS) Loses “Buy” Rating

May 17, 2018 - By Jimmy Baldridge

CBS Corporation (NYSE:CBS) Logo

Investors sentiment decreased to 0.59 in Q4 2017. Its down 0.44, from 1.03 in 2017Q3. It dropped, as 80 investors sold CBS Corporation shares while 278 reduced holdings. 65 funds opened positions while 148 raised stakes. 226.28 million shares or 0.25% more from 225.71 million shares in 2017Q3 were reported.

3.84M were reported by Geode Capital Limited Com. 364,191 are held by Aviva Plc. Lpl Financial Ltd Co owns 30,578 shares. Lourd Ltd Liability Corporation holds 0.02% or 4,220 shares in its portfolio. Kcm Inv Ltd Liability Corporation has invested 0.02% in CBS Corporation (NYSE:CBS). Dreman Value Management L L C accumulated 649 shares or 0.02% of the stock. Peapack Gladstone Financial Corporation has 113,135 shares for 0.36% of their portfolio. Envestnet Asset Incorporated reported 0.01% of its portfolio in CBS Corporation (NYSE:CBS). 9.17M are owned by Wellington Mgmt Group Incorporated Limited Liability Partnership. Pineno Levin And Ford Asset Management invested in 0.18% or 7,190 shares. Argent Tru invested in 0.09% or 3,994 shares. Royal Commercial Bank Of Canada has invested 0% in CBS Corporation (NYSE:CBS). Investec Asset Mgmt Limited invested 0.87% of its portfolio in CBS Corporation (NYSE:CBS). Georgia-based Shapiro Capital Management Llc has invested 2.36% in CBS Corporation (NYSE:CBS). Benjamin F Edwards & holds 0.01% or 1,525 shares in its portfolio.

Since December 12, 2017, it had 0 insider purchases, and 15 insider sales for $71.37 million activity. Ianniello Joseph R had sold 2,910 shares worth $175,000.

CBS (NYSE:CBS) Receives a Downgrade

Shares of CBS (NYSE:CBS) were cut to a “Neutral” by expert analysts at BofA Merrill. CBS’s rating of a “Buy” has been discontinued.

CBS Corporation (NYSE:CBS) Ratings Coverage

Among 16 analysts covering CBS Corp (NYSE:CBS), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. CBS Corp has $80.0 highest and $61 lowest target. $69.54’s average target is 34.66% above currents $51.64 stock price. CBS Corp had 23 analyst reports since November 22, 2017 according to SRatingsIntel. The rating was downgraded by Wells Fargo on Monday, January 29 to “Hold”. The firm earned “Buy” rating on Thursday, January 4 by Wells Fargo. The rating was downgraded by Macquarie Research to “Neutral” on Tuesday, January 2. Bernstein upgraded the shares of CBS in report on Tuesday, May 15 to “Outperform” rating. Stephens downgraded the shares of CBS in report on Monday, January 22 to “Hold” rating. The stock of CBS Corporation (NYSE:CBS) has “Buy” rating given on Wednesday, November 22 by BMO Capital Markets. KeyBanc Capital Markets maintained CBS Corporation (NYSE:CBS) on Tuesday, April 3 with “Hold” rating. The firm earned “Buy” rating on Wednesday, April 25 by BMO Capital Markets. On Wednesday, January 3 the stock rating was maintained by Piper Jaffray with “Buy”. Citigroup maintained CBS Corporation (NYSE:CBS) rating on Wednesday, March 28. Citigroup has “Buy” rating and $61 target.

The stock decreased 4.07% or $2.19 during the last trading session, reaching $51.64. About 10.67 million shares traded or 184.60% up from the average. CBS Corporation (NYSE:CBS) has declined 22.43% since May 17, 2017 and is downtrending. It has underperformed by 33.98% the S&P500.

Analysts await CBS Corporation (NYSE:CBS) to report earnings on August, 6. They expect $1.16 EPS, up 11.54 % or $0.12 from last year’s $1.04 per share. CBS’s profit will be $439.76M for 11.13 P/E if the $1.16 EPS becomes a reality. After $1.34 actual EPS reported by CBS Corporation for the previous quarter, Wall Street now forecasts -13.43 % negative EPS growth.

CBS Corporation operates as a mass media firm worldwide. The company has market cap of $19.58 billion. The firm operates through four divisions: Entertainment, Cable Networks, Publishing, and Local Media. It has a 58.62 P/E ratio. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces, acquires, and distributes theatrical motion pictures; and digital streaming services.

More notable recent CBS Corporation (NYSE:CBS) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018, also Seekingalpha.com with their article: “McIntyre Partnerships Q1 Letter: Long Public Hedge Fund Spinoff” published on May 16, 2018, Seekingalpha.com published: “CBS Q1: Growth Goals On Track” on May 09, 2018. More interesting news about CBS Corporation (NYSE:CBS) were released by: Seekingalpha.com and their article: “National Amusements to CBS: See you in court” published on May 14, 2018 as well as 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: CBS, Ford, Pivotal Software, Spotify, Symantec, Ulta Beauty and More” with publication date: May 15, 2018.

CBS Corporation (NYSE:CBS) Institutional Positions Chart

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