Analysts Anticipate Cannae Holdings Inc (CNNE) to Post ($0.07) EPS
Cannae Holdings Inc (NYSE:CNNE) has been given a consensus broker rating score of 2.00 (Buy) from the two brokers 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.
Analysts have set a 12-month consensus target price of $18.75 for the company and are forecasting 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 90 out of 265 based on the ratings given to its competitors.
A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded Cannae from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. ValuEngine upgraded Cannae from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 5th. Finally, TheStreet upgraded Cannae from a “c-” rating to a “b-” rating in a research report on Wednesday, December 13th.
A number of institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new stake in Cannae during the 4th quarter worth about $154,000. Virtu Financial LLC purchased a new stake in Cannae during the 4th quarter worth about $225,000. SG Americas Securities LLC purchased a new stake in Cannae during the 4th quarter worth about $242,000. Boston Partners purchased a new stake in Cannae during the 4th quarter worth about $250,000. Finally, Pinebridge Investments L.P. purchased a new stake in Cannae during the 4th quarter worth about $258,000. Hedge funds and other institutional investors own 69.91% of the company’s stock.
Cannae Company Profile
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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