News stories about Cannae (NYSE:CNNE) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cannae earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.6251713580305 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several equities analysts have recently issued reports on the stock. ValuEngine lowered shares of Cannae from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 16th. Zacks Investment Research upgraded shares of Cannae from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Thursday, May 31st.
Shares of Cannae traded down $0.35, hitting $19.06, during trading hours on Monday, MarketBeat reports. 5,209 shares of the company’s stock traded hands, compared to its average volume of 572,254. Cannae has a 12-month low of $16.16 and a 12-month high of $21.34. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 12.37 and a beta of 0.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.52 and a current ratio of 1.84.
Cannae (NYSE:CNNE) last released its earnings results on Wednesday, May 9th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.08. Cannae had a net margin of 7.36% and a return on equity of 3.00%. The firm had revenue of $294.00 million during the quarter, compared to analyst estimates of $294.70 million. The firm’s revenue was up 6.9% compared to the same quarter last year. sell-side analysts forecast that Cannae will post -0.19 earnings per share for the current fiscal year.
In other Cannae news, Director Hugh R. Harris bought 15,000 shares of the stock in a transaction dated Wednesday, May 23rd. The stock was purchased at an average cost of $19.87 per share, for a total transaction of $298,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.90% of the stock is currently owned by company insiders.
Cannae Company Profile
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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