Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $63.00 on CBS Corporation (NYSE:CBS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.09 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of CBS Corporation (NYSE:CBS) stands at 15.21.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For CBS Corporation Class B Common , the PEG ratio for coming 3-5 years is 0.00.
The technical analysis highlights that CBS Corporation Class B Common current is trading $-2.15 points away or -4.02% from its 50-day moving average of $53.55. Further it is trading $-1.69 or -3.19% away its 200-day moving average of $53.09.
The 52-week high of CBS Corporation (NYSE:CBS) was $58.22 while lowest point recorded in 52-week was $38.51. It implies if stock price makes a movement of over $-6.82, it will record a new 52-week high. In the case of +33.47% drop, it will touch a new 52-week low.
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