Cimpress’ (CMPR) “Sell” Rating Reaffirmed at SunTrust Banks

Cimpress (NASDAQ:CMPR)‘s stock had its “sell” rating reissued by investment analysts at SunTrust Banks in a research note issued on Wednesday, AnalystRatings.com reports. They currently have a $94.00 target price on the business services provider’s stock. SunTrust Banks’ target price suggests a potential downside of 12.69% from the company’s current price. SunTrust Banks also issued estimates for Cimpress’ Q1 2020 earnings at $0.50 EPS, Q2 2020 earnings at $2.18 EPS, Q3 2020 earnings at $0.23 EPS, Q4 2020 earnings at $0.54 EPS, FY2020 earnings at $3.37 EPS, FY2021 earnings at $4.30 EPS, FY2022 earnings at $5.33 EPS, FY2023 earnings at $6.38 EPS and FY2024 earnings at $7.48 EPS.

The analysts wrote, “We believe the greatest takeaway from Investor Day, held this morning, is that there were no major announcements. This is not surprising considering that the company released F4Q19 results last week with the CEO’s annual letter to shareholders detailing business performance by segment and outlook. In all, the company reiterated much of what was presented in this letter (see our F4Q19 review here), with the event also acting as an important annual platform to showcase business leaders who provided a more granular view of their respective segments. Here are our preliminary takeaways. Our thesis, estimates, Sell rating and $94 PT remain unchanged.””

Several other analysts also recently weighed in on CMPR. BidaskClub upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday. ValuEngine upgraded Cimpress from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Barrington Research restated a “buy” rating and set a $100.00 price objective on shares of Cimpress in a research report on Friday, May 17th. Finally, Aegis reiterated a “hold” rating and issued a $80.00 target price on shares of Cimpress in a research report on Wednesday, June 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $91.33.

Shares of CMPR stock traded up $1.82 on Wednesday, hitting $107.66. 8,239 shares of the company’s stock were exchanged, compared to its average volume of 207,632. The company has a debt-to-equity ratio of 8.71, a quick ratio of 0.40 and a current ratio of 0.53. Cimpress has a 12 month low of $73.74 and a 12 month high of $146.67. The company has a market capitalization of $3.23 billion, a PE ratio of 33.75, a P/E/G ratio of 1.73 and a beta of 0.10. The stock’s 50 day moving average is $94.52.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.74. Cimpress had a return on equity of 89.31% and a net margin of 3.46%. The business had revenue of $674.71 million during the quarter, compared to the consensus estimate of $657.51 million. During the same period in the prior year, the company earned ($0.24) EPS. Cimpress’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts predict that Cimpress will post 2.77 EPS for the current fiscal year.

In other Cimpress news, EVP Donald Leblanc sold 5,621 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $88.08, for a total value of $495,097.68. Following the completion of the transaction, the executive vice president now directly owns 28,651 shares in the company, valued at $2,523,580.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 18.40% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of Cimpress by 9.9% during the second quarter. Envestnet Asset Management Inc. now owns 4,639 shares of the business services provider’s stock worth $422,000 after acquiring an additional 417 shares during the last quarter. Eqis Capital Management Inc. grew its stake in Cimpress by 24.9% during the first quarter. Eqis Capital Management Inc. now owns 2,533 shares of the business services provider’s stock worth $203,000 after purchasing an additional 505 shares during the period. Legal & General Group Plc grew its stake in Cimpress by 6.0% during the fourth quarter. Legal & General Group Plc now owns 9,292 shares of the business services provider’s stock worth $961,000 after purchasing an additional 524 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Cimpress by 13.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,626 shares of the business services provider’s stock worth $371,000 after purchasing an additional 553 shares during the period. Finally, New York State Common Retirement Fund grew its stake in Cimpress by 2.8% during the first quarter. New York State Common Retirement Fund now owns 22,300 shares of the business services provider’s stock worth $1,787,000 after purchasing an additional 600 shares during the period. Institutional investors own 86.70% of the company’s stock.

Cimpress Company Profile

Cimpress N.V. provides various mass customization services in the United States, Germany, and internationally. The company delivers various volumes of individually small-sized customized orders for a range of print, signage, photo merchandise, invitation and announcement, packaging, apparel, and other categories primarily through the Internet.

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