In a report released today, Daniel Kurnos from Benchmark Co. maintained a Buy rating on CBS Corp (CBS – Research Report), with a price target of $68. The company’s shares closed last Monday at $48.70.
According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 9.6% and a 51.9% success rate. Kurnos covers the Services sector, focusing on stocks such as Sinclair Broadcast, Zillow Group Inc, and Amazon.com Inc.
Currently, the analyst consensus on CBS Corp is a Moderate Buy with an average price target of $59.36, representing a 23.3% upside. In a report issued on August 9, Barrington also maintained a Buy rating on the stock with a $60 price target.
Based on CBS Corp’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 $3.47 billion and had a net profit of $400 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.