Analysts Set CROWN CASTLE In/SH SH (CCI) Target Price at $116.88
CROWN CASTLE In/SH SH (NYSE:CCI) has been given a consensus rating of “Buy” by the twelve brokerages that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $116.88.
Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of CROWN CASTLE In/SH SH from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 24th. ValuEngine upgraded shares of CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Barclays boosted their target price on shares of CROWN CASTLE In/SH SH from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, October 19th. UBS Group set a $120.00 target price on shares of CROWN CASTLE In/SH SH and gave the company a “buy” rating in a research note on Friday, September 28th. Finally, TheStreet cut shares of CROWN CASTLE In/SH SH from a “b” rating to a “c+” rating in a research note on Wednesday, October 17th.
In related news, Director Robert E. Garrison II sold 2,451 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $113.96, for a total value of $279,315.96. Following the completion of the sale, the director now owns 23,100 shares of the company’s stock, valued at approximately $2,632,476. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Langenfeld Cynthia K. Christy purchased 900 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The stock was bought at an average cost of $106.19 per share, with a total value of $95,571.00. Following the acquisition, the director now owns 25,424 shares in the company, valued at approximately $2,699,774.56. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by insiders.
CCI opened at $112.27 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.33. CROWN CASTLE In/SH SH has a 1 year low of $98.85 and a 1 year high of $114.81. The firm has a market capitalization of $46.51 billion, a P/E ratio of 21.11, a PEG ratio of 1.38 and a beta of 0.35.
CROWN CASTLE In/SH SH (NYSE:CCI) last posted its earnings results on Wednesday, October 17th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06. CROWN CASTLE In/SH SH had a net margin of 10.07% and a return on equity of 4.22%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the business posted $0.21 EPS. The business’s revenue was up 29.4% compared to the same quarter last year. As a group, equities research analysts forecast that CROWN CASTLE In/SH SH will post 5.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a $1.125 dividend. This represents a $4.50 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Thursday, December 13th. This is a positive change from CROWN CASTLE In/SH SH’s previous quarterly dividend of $1.05. CROWN CASTLE In/SH SH’s payout ratio is presently 86.60%.
About CROWN CASTLE In/SH SH
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service bringing information, ideas and innovations to the people and businesses that need them.
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