How Analysts Feel About CBS Corporation After Today’s Bearish Options Activity?

 How Analysts Feel About CBS Corporation After Today's Bearish Options Activity?

In today’s session CBS Corporation (CBS) recorded an unusually high (1,831) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious CBS decrease. With 1,831 contracts traded and 2154 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: CBS170317P00050000 closed last at: $0.65 or 10.2% up. About 223,528 shares traded hands. CBS Corporation (NYSE:CBS) has risen 8.23% since April 25, 2016 and is uptrending. It has outperformed by 2.21% the S&P500.

Analysts await CBS Corporation (NYSE:CBS) to report earnings on February, 9. They expect $1.13 EPS, up 22.83% or $0.21 from last year’s $0.92 per share. CBS’s profit will be $536.29M for 13.45 P/E if the $1.13 EPS becomes a reality. After $1.05 actual EPS reported by CBS Corporation for the previous quarter, Wall Street now forecasts 7.62% EPS growth.

CBS Corporation (NYSE:CBS) Ratings Coverage

Out of 21 analysts covering CBS Corp (NYSE:CBS), 16 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 76% are positive. $75 is the highest target while $49 is the lowest. The $60.05 average target is -1.25% below today’s ($60.81) stock price. CBS Corp has been the topic of 45 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of CBS Corporation (NYSE:CBS) earned “Sector Weight” rating by Pacific Crest on Friday, October 9. The rating was maintained by Piper Jaffray with “Buy” on Monday, September 21. Deutsche Bank upgraded it to “Buy” rating and $67 target price in Thursday, September 10 report. The firm has “Outperform” rating by Credit Suisse given on Friday, August 21. Topeka Capital Markets maintained the stock with “Buy” rating in Wednesday, November 4 report. On Tuesday, October 6 the stock rating was maintained by Topeka Capital Markets with “Buy”. Credit Suisse maintained it with “Outperform” rating and $70 target price in Monday, February 22 report. As per Friday, March 18, the company rating was maintained by Deutsche Bank. The firm has “Hold” rating by Zacks given on Monday, September 7. The stock has “Outperform” rating given by Wedbush on Friday, February 12.

According to Zacks Investment Research, “CBS Corporation is a mass media company that creates and distributes industry-leading content to audiences worldwide. CBS has businesses with origins that date back to the beginnings of broadcast as well as new ventures that operate on media’s leading edge. It owns the most-watched television network in the U.S. and one of the world’s largest entertainment libraries. CBS’s operations span nearly every field of media and entertainment, including cable, publishing, radio, TV, film, outdoor advertising, and interactive and socially responsible media. Its businesses include CBS Television Network, The CW (owned by CBS Corporation and Warner Bros. Entertainment), Showtime Networks, CBS Sports Network, Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio, CBS Outdoor, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, CBS Consumer Products, CBS Home Entertainment, CBS Films and CBS EcoMedia. For more information, go to www.cbscorporation.com.”

Insitutional Activity: The institutional sentiment increased to 0.91 in Q2 2016. Its up 0.02, from 0.89 in 2016Q1. The ratio improved, as 50 funds sold all CBS Corporation shares owned while 234 reduced positions. 52 funds bought stakes while 201 increased positions. They now own 282.48 million shares or 8.70% less from 309.41 million shares in 2016Q1.
Raymond James Na holds 0.04% of its portfolio in CBS Corporation (NYSE:CBS) for 8,385 shares. Capital One Natl Association owns 5,774 shares or 0.03% of their US portfolio. Westpac reported 26,031 shares or 0% of all its holdings. Glg Limited Liability Company accumulated 74,429 shares or 0.3% of the stock. Sol Mgmt accumulated 5,190 shares or 0.09% of the stock. First National Bank Na has invested 0.05% of its portfolio in CBS Corporation (NYSE:CBS). Dubuque Commercial Bank And Comm holds 0.01% or 821 shares in its portfolio. The California-based Blackrock Fund Advsrs has invested 0% in CBS Corporation (NYSE:CBS). Douglass Winthrop Advsr Limited Co accumulated 6,400 shares or 0.02% of the stock. Regions Finance has 0.02% invested in the company for 25,001 shares. Savant Lc has invested 0.09% of its portfolio in CBS Corporation (NYSE:CBS). Everpoint Asset Mngmt Ltd Liability Company owns 64,711 shares or 0.07% of their US portfolio. Glenview Capital Ltd Liability Company reported 7.30 million shares or 2.81% of all its holdings. Dreman Value Mgmt L L C last reported 17,250 shares in the company. Keybank Association Oh accumulated 0% or 8,198 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 9 sales for $5.46 million net activity. Ambrosio Anthony G also sold $453,954 worth of CBS Corporation (NYSE:CBS) shares. $87,909 worth of shares were sold by Goldberg Leonard on Friday, August 19. 5,093 shares were sold by CALIFANO JOSEPH A, worth $266,151 on Wednesday, August 3.

CBS Corporation is a mass media company. The company has a market cap of $28.86 billion. The Company’s divisions include Entertainment, Cable Networks, Publishing and Local Broadcasting. It has a 16.73 P/E ratio. The Company’s Entertainment segment is composed of the CBS Television Network; CBS Television Studios; CBS Global Distribution Group ; CBS Interactive, and CBS Films.

CBS Company Profile

CBS Corporation, incorporated on November 10, 1986, is a mass media company. The Firm operates through divisions, including Entertainment, Cable Networks, Publishing and Local Broadcasting. The Firm operates businesses, which span the media and entertainment industries, including the CBS Television Network, cable networks, content production and distribution, television and radio stations, Internet businesses, and consumer publishing.

More news for CBS Corporation (NYSE:CBS) were recently published by: Prnewswire.com, which released: “CBS Corporation Reports Third Quarter 2016 Results” on November 03, 2016. Reuters.com‘s article titled: “BRIEF-CBS corporation announces quarterly dividend” and published on November 22, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment