During the most recent trading session, CBS Corporation (NYSE:CBS) shares traded +0.95%. Tracking the stock price in relation to moving averages may provide enhanced perspective on stock performance. After a recent look, the stock has been seen trading $3.39 off of the 50-day moving average of $52.06 and $1.71 separated from the 200-day moving average of $53.74. Taking a further look from a different perspective, the stock has been recently recorded -4.76% off of the 52-week high of 58.22 and +34.29% apart from the 52-week low of 41.29. Monitoring stock price activity relative to moving averages and the highs and lows for the past year might help with future stock price value assessment.
Price Target in Focus
While monitoring stock technicals is important, most investors are more concerned with where the stock might be going now. Equity research analysts have provided views on where they believe the stock will be trading in the future. According to Thomson Reuters, sell-side analysts are projecting a consensus target price of $63.00 on company shares. This is a near-term estimate for the next 12-18 months.
Currently, CBS Corporation Class B Common has a price to earnings ratio of 16.41. Analysts and investors may also opt to evaluate a company's PEG or price to earnings growth ratio. The stock currently has a PEG Ratio of 0.00.
Wall Street sell-side research analysts covering Discovery Communications, Inc. (NASDAQ:DISCA) shares have recently provided various price target projections on where the stock might be going. According to them, the stock is expected to reach $28.666 on a consensus level within the next year, according to Zacks. The most bullish estimate sees the stock reaching $35 while the most conservative estimate stand at $23.
Zacks also gives an average broker rating based on the sell-side recommendations from the analysts who cover Discovery Communications, Inc.. They give the company shares an ABR of 3.13. This is based on the 12 analysts taken into consideration by Zacks.
Earnings Estimates for Discovery Communications, Inc. (NASDAQ:DISCA)
Currently, Wall Street is projecting that the firm will post $0.44 earnings per share. This consensus number is also derived from Zacks. For the most recent period which ended on 2016-06-30, Discovery Communications, Inc.'s EPS was reported as $0.71. This created a “surprise factor” 16.39% due to being $0.1 apart from what Wall Street predicted. When actual numbers differ greatly from the consensus expectations, sharp movement in the stock price can often be seen in the hours or days following the report.
Investors will mark their calendars for 2016-11-01, the date when Discovery Communications, Inc. (NASDAQ:DISCA) are expected to release their quarterly results.
CSX Corporation (NYSE:CSX) shares are trading -0.36% thus far today and have traded in the range of 30.31 – 30.66 during the current session. In order to take a look at where the stock might headed longer term, we can also look at different sets of data. Sell-side research firms currently have a consensus one year price target of $30.41 on the stock according to First Call. This number can often vary from the Zacks or FactSet mean targets. The sell-side analysts are projecting earnings per share of $0.00 for the next fiscal quarter. For the current year, analysts are predicting earnings of $1.75 per share according to First Call.
Stock Technicals in Focus
In looking at where the stock is trading on a technical level, the stock is trading +4.99% away from its 50 day moving average of $28.88. Based on the most recent available data, the equity is -1.11% off of its 52-week high of $30.66 and +42.15% away from its 52-week low which is $21.33. In taking a look at the company’s valuation, the firm’s price to earnings ratio stands at 16.55. This is a crucial indicator investors watch as higher ratios compared to peers, would suggest higher future earnings growth potential for the stock. The price to current year EPS estimates from research analysts currently stands at N/A. In looking further ahead, potential investors should note that the company’s price to next year’s EPS estimates is N/A.
Today, the stock opened at $30.48 and the last bid at the time of writing stood at $30.32. During the session thus far, the equity dipped down to $30.31 and touched $30.66 as the high point. CSX Corporation has a market cap of 28.68B and has seen an average daily volume of 6341650 over the past three months.
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