Zacks: Cannae Holdings Inc (NYSE:CNNE) Given Average Recommendation of “Strong Buy” by Analysts
Shares of Cannae Holdings Inc (NYSE:CNNE) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus target price of $34.50 for the company and are anticipating that the company will post ($0.54) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Cannae an industry rank of 90 out of 256 based on the ratings given to its competitors.
Several brokerages have recently issued reports on CNNE. Zacks Investment Research raised shares of Cannae from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. TheStreet raised shares of Cannae from a “c” rating to a “b-” rating in a research report on Thursday, August 8th.
Shares of CNNE traded up $0.09 during mid-day trading on Tuesday, hitting $29.65. 147,100 shares of the company’s stock were exchanged, compared to its average volume of 223,319. The company has a market capitalization of $2.17 billion, a P/E ratio of 42.97 and a beta of 0.83. Cannae has a fifty-two week low of $15.87 and a fifty-two week high of $32.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.02 and a current ratio of 1.18. The company has a 50-day moving average of $28.83.
Cannae (NYSE:CNNE) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.21. The business had revenue of $285.10 million for the quarter, compared to analysts’ expectations of $281.25 million. Cannae had a net margin of 6.21% and a return on equity of 7.82%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.28) earnings per share. As a group, research analysts predict that Cannae will post -0.3 EPS for the current fiscal year.
Cannae Holdings, Inc is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes. Cannae Holdings, Inc is based in Las Vegas, Nevada.
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