CV Holdings’ (NYSE:CBF) Hold Rating Reiterated at Brean Capital
Several other research firms also recently commented on CBF. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $41.00 price objective on shares of CV Holdings in a report on Wednesday, April 5th. Zacks Investment Research raised shares of CV Holdings from a hold rating to a buy rating and set a $44.00 price target on the stock in a report on Tuesday, May 9th. Barclays PLC reissued an overweight rating and issued a $45.00 price target (up from $44.00) on shares of CV Holdings in a report on Monday, April 24th. Finally, FBR & Co downgraded shares of CV Holdings from an outperform rating to a market perform rating and lowered their price target for the stock from $45.00 to $44.00 in a report on Monday, April 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $42.67.
CV Holdings (NYSE:CBF) opened at 38.30 on Wednesday. The firm has a 50-day moving average of $38.16 and a 200 day moving average of $39.74. CV Holdings has a 12-month low of $28.84 and a 12-month high of $45.00. The company has a market capitalization of $1.98 billion and a price-to-earnings ratio of 25.36.
CV Holdings (NYSE:CBF) last released its quarterly earnings data on Thursday, July 20th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The business had revenue of $101.24 million for the quarter, compared to analysts’ expectations of $99.11 million. Analysts expect that CV Holdings will post $1.94 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Thursday, August 3rd.
Several large investors have recently made changes to their positions in CBF. Marshall Wace North America L.P. purchased a new stake in shares of CV Holdings during the first quarter worth about $1,022,000. Teachers Advisors LLC increased its stake in shares of CV Holdings by 34.6% in the fourth quarter. Teachers Advisors LLC now owns 67,469 shares of the company’s stock worth $2,648,000 after buying an additional 17,345 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of CV Holdings by 4.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 17,304 shares of the company’s stock worth $679,000 after buying an additional 660 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of CV Holdings by 22.2% in the first quarter. TIAA CREF Investment Management LLC now owns 136,542 shares of the company’s stock worth $5,926,000 after buying an additional 24,808 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of CV Holdings by 8.9% in the first quarter. Geode Capital Management LLC now owns 252,353 shares of the company’s stock worth $10,952,000 after buying an additional 20,622 shares during the last quarter.
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