Cannae Holdings Inc (NYSE:CNNE) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price target of $33.00 for the company and are expecting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also given Cannae an industry rank of 89 out of 256 based on the ratings given to related companies.
A number of analysts have recently issued reports on CNNE shares. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday. TheStreet cut shares of Weibo from a “b-” rating to a “c+” rating in a research report on Friday, May 31st.
A number of hedge funds have recently modified their holdings of CNNE. Parallel Advisors LLC acquired a new position in Cannae during the first quarter worth approximately $71,000. PNC Financial Services Group Inc. boosted its stake in Cannae by 13.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,816 shares of the company’s stock valued at $133,000 after acquiring an additional 949 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Cannae by 356.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 22,337 shares of the company’s stock valued at $382,000 after acquiring an additional 17,445 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Cannae by 183.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 15,844 shares of the company’s stock valued at $384,000 after acquiring an additional 10,262 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its stake in Cannae by 28.7% during the 1st quarter. Raymond James Trust N.A. now owns 16,102 shares of the company’s stock valued at $391,000 after acquiring an additional 3,595 shares during the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.
CNNE traded down $0.05 during midday trading on Friday, hitting $28.80. 323 shares of the company were exchanged, compared to its average volume of 231,158. The business has a 50 day moving average of $27.88. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 41.80 and a beta of 0.83. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.44. Cannae has a 1-year low of $15.87 and a 1-year high of $30.38.
Cannae (NYSE:CNNE) last posted its earnings results on Thursday, May 9th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.13). The firm had revenue of $274.50 million for the quarter, compared to analysts’ expectations of $296.85 million. Cannae had a return on equity of 4.65% and a net margin of 2.89%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.02) earnings per share. On average, research analysts anticipate that Cannae will post 0.18 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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