Shares of Cannae Holdings Inc (NYSE:CNNE) have received a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokers have set a 1 year consensus price objective of $20.25 for the company and are expecting that the company will post ($0.09) earnings per share for the current quarter, according to Zacks. Zacks has also given Cannae an industry rank of 194 out of 265 based on the ratings given to related companies.
CNNE has been the topic of a number of recent research reports. Zacks Investment Research raised Cannae from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. TheStreet downgraded Cannae from a “b-” rating to a “d+” rating in a report on Tuesday, January 16th. Finally, ValuEngine raised Cannae from a “buy” rating to a “strong-buy” rating in a report on Monday, February 5th.
Shares of NYSE CNNE traded down $0.05 during trading on Friday, reaching $18.77. The company had a trading volume of 167,416 shares, compared to its average volume of 418,967. Cannae has a 12-month low of $16.16 and a 12-month high of $19.58. The stock has a market cap of $1,324.62, a P/E ratio of 12.19 and a beta of 0.63. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 0.01.
Cannae (NYSE:CNNE) last released its earnings results on Wednesday, March 14th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.20. Cannae had a return on equity of 2.21% and a net margin of 7.37%. The firm had revenue of $317.40 million for the quarter. analysts forecast that Cannae will post -0.28 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. Advisor Group Inc. bought a new position in shares of Cannae during the fourth quarter valued at $118,000. United Fire Group Inc. bought a new position in shares of Cannae during the fourth quarter valued at $126,000. Meeder Asset Management Inc. bought a new position in shares of Cannae during the fourth quarter valued at $154,000. Virtu Financial LLC bought a new position in shares of Cannae during the fourth quarter valued at $225,000. Finally, Paloma Partners Management Co bought a new position in shares of Cannae during the fourth quarter valued at $225,000. 79.11% of the stock is currently owned by hedge funds and other institutional investors.
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Cannae Holdings, Inc is a diversified holding company. The Company has investments in a variety of industries including Restaurants, Technology Enabled Healthcare Services, Financial Services and more. The Company holds majority and minority equity investment stakes in a number of entities, including Ceridian Holdings, LLC, American Blue Ribbon Holdings, and LLC and T-System Holding LLC.
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