March 14, 2013 at 08:48 AM EDT
UBS Boosts Numbers on CBS Due to Potential For Share Buybacks (CBS)

On Thursday, analysts at UBS increased earning estimates through 2014 on entertainment giant CBS Corporation (CBS).

The analysts also raised the price target of CBS. Citing the possibility that the company will buyback about one-third of its shares over the next two to three years, the analysts now see shares reaching $54. This valuation suggests about an 18% upside to Wednesday’s closing price of $45.94.

CBS shares were inactive during pre-market trading on Thursday. The stock is up +49.11% over the past twelve months.

The Bottom Line
Shares of CBS (CBS) have a dividend yield of 1.04% based on last night’s closing price of $45.94 and the company’s annualized dividend payout of 48 cents per share.

CBS Corporation (CBS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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