Zacks: Brokerages Set $34.50 Price Target for Cars.com Inc (CARS)
Cars.com Inc (NYSE:CARS) has been assigned an average broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have issued a strong buy rating on the company.
Analysts have set a 1 year consensus price target of $34.50 for the company and are anticipating that the company will post $0.28 EPS for the current quarter, according to Zacks. Zacks has also assigned Cars.com an industry rank of 128 out of 265 based on the ratings given to its competitors.
Several research analysts have recently weighed in on CARS shares. B. Riley reaffirmed a “buy” rating and set a $32.00 price objective on shares of Cars.com in a research report on Tuesday, December 19th. Zacks Investment Research cut Cars.com from a “hold” rating to a “strong sell” rating in a research report on Monday, November 13th. ValuEngine raised Cars.com from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Barrington Research upped their price objective on Cars.com from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th.
Cars.com (CARS) traded up $0.02 during mid-day trading on Wednesday, hitting $28.50. The stock had a trading volume of 2,782,522 shares, compared to its average volume of 1,452,788. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.40. Cars.com has a 52 week low of $19.90 and a 52 week high of $32.28.
Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.
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