Shares of Cannae Holdings Inc (NYSE:CNNE) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price objective of $31.50 for the company and are expecting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given Cannae an industry rank of 44 out of 256 based on the ratings given to related companies.
CNNE has been the subject of several research analyst reports. Zacks Investment Research raised Cannae from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, February 12th. ValuEngine cut Cannae from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. Finally, TheStreet raised Cannae from a “c” rating to a “b” rating in a research report on Friday, March 15th.
Shares of NYSE:CNNE opened at $26.33 on Tuesday. Cannae has a fifty-two week low of $15.87 and a fifty-two week high of $26.90. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 38.16 and a beta of 0.80.
Cannae (NYSE:CNNE) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.13). Cannae had a return on equity of 4.65% and a net margin of 2.89%. The business had revenue of $274.50 million for the quarter, compared to analyst estimates of $296.85 million. During the same period in the prior year, the firm posted ($0.02) EPS. Cannae’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, analysts predict that Cannae will post 0.19 EPS for the current fiscal year.
In other Cannae news, Director Richard N. Massey acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average price of $25.15 per share, with a total value of $503,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.90% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. TIAA CREF Investment Management LLC raised its holdings in Cannae by 9.9% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 272,915 shares of the company’s stock valued at $5,718,000 after buying an additional 24,497 shares during the period. Legal & General Group Plc raised its holdings in Cannae by 28.3% in the 3rd quarter. Legal & General Group Plc now owns 26,871 shares of the company’s stock valued at $563,000 after buying an additional 5,922 shares during the period. Meeder Asset Management Inc. acquired a new position in Cannae in the 4th quarter valued at about $41,000. Raymond James Trust N.A. grew its position in Cannae by 4.8% in the 4th quarter. Raymond James Trust N.A. now owns 12,507 shares of the company’s stock valued at $214,000 after acquiring an additional 568 shares in the last quarter. Finally, Horrell Capital Management Inc. acquired a new position in Cannae in the 4th quarter valued at about $454,000. Hedge funds and other institutional investors own 82.89% of the company’s stock.
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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