CBS Corp (NYSE:CBS) Rating Maintained
In a research report issued on Thursday, 31 March, Cbs Corp (NYSE:CBS) stock had its “Outperform” Rating reaffirmed by stock research analysts at Barrington Research. They currently have a $65.00 target price per share on firm. Barrington Research’s target means a potential upside of 17.90 % from the company’s last stock close.
NYSE:CBS Price Chart & Trend
The stock price of CBS Corp decreased 4.03% over the last 200 days, and is in fragile down trend. In the last 50 and 100 days, CBS Corp is up 25.33% and up 15.84%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Hawkeye Capital Management Llc had the biggest stake with ownership of 605,000 shares as of Q2 2015 for 22.32% of the US Long Equity Exposure. Chieftain Capital Management Inc. is another quite bullish institutional investor who is owning 3.98 million shares of CBS Corp or 11.05% of their US long equity exposure. Also, Park Circle Co have 5.03% of their US long equity exposure invested in the company for 151,725 shares. The Massachusetts-based fund Highfields Capital Management Lp disclosed it had bought a stake worth about 4.79% of the institutional investor’s stock portfolio in CBS Corp. The New York-based fund Tremblant Capital Group is also positive about the stock, possessing 9.60 million shares or 4.73% of their US long equity exposure.
CBS Corp (NYSE:CBS) Profile
CBS Corporation is a mass media company. The Company operates through segments, including Entertainment, Cable Networks, Publishing and Local Broadcasting. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Global Distribution Group, CBS Interactive and CBS Films.
CBS Corp (NYSE:CBS) traded up 0.07% on 31 March, hitting $55.17. A total of 4.11M shares of the company’s stock traded hands. This is down from average of 4.72M shares. CBS Corp has a 52 week low of $38.51 and a 52 week high of $63.95. The company has a market cap of $25.52B and a P/E ratio of 19.27.
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