CBS Corporation (CBS): Today's Featured Services Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

CBS Corporation ( CBS) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day down 1.6%. By the end of trading, CBS Corporation fell $1.01 (-2.3%) to $42.36 on average volume. Throughout the day, 7.1 million shares of CBS Corporation exchanged hands as compared to its average daily volume of 6.9 million shares. The stock ranged in price between $42.36-$43.63 after having opened the day at $43.48 as compared to the previous trading day's close of $43.37. Other companies within the Services sector that declined today were: FreeSeas ( FREE), down 21.3%, Frontline ( FRO), down 18.3%, ITT Educational Services ( ESI), down 16.6%, and Lentuo International ( LAS), down 13.1%.
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CBS Corporation, together with its subsidiaries, operates as a mass media company in the United States and internationally. CBS Corporation has a market cap of $25.46 billion and is part of the media industry. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7. Shares are up 14.1% year to date as of the close of trading on Friday. Currently there are 19 analysts that rate CBS Corporation a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates CBS Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

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