Zacks: Cannae Holdings (CNNE) Given $23.75 Average Price Target by Brokerages
Cannae Holdings (NYSE:CNNE) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a 12-month consensus price target of $23.75 for the company and are expecting that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Cannae an industry rank of 203 out of 255 based on the ratings given to related companies.
A number of equities research analysts recently commented on the company. Zacks Investment Research raised Cannae from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Thursday. ValuEngine raised Cannae from a “buy” rating to a “strong-buy” rating in a report on Monday, February 5th.
Large investors have recently made changes to their positions in the business. Advisor Group Inc. acquired a new position in Cannae in the fourth quarter valued at approximately $118,000. United Fire Group Inc. acquired a new position in Cannae in the fourth quarter valued at approximately $126,000. Meeder Asset Management Inc. acquired a new position in Cannae in the fourth quarter valued at approximately $154,000. GSA Capital Partners LLP acquired a new position in Cannae in the first quarter valued at approximately $201,000. Finally, Virtu Financial LLC acquired a new position in Cannae in the fourth quarter valued at approximately $225,000. 79.88% of the stock is owned by institutional investors.
Cannae opened at $19.99 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.52. Cannae has a 52 week low of $16.16 and a 52 week high of $21.34. The stock has a market cap of $1.43 billion, a P/E ratio of 12.32 and a beta of 0.62.
Cannae (NYSE:CNNE) last released its earnings results on Wednesday, May 9th. The company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.08. Cannae had a return on equity of 3.00% and a net margin of 7.36%. The firm had revenue of $294.00 million during the quarter, compared to the consensus estimate of $294.70 million. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. equities analysts anticipate that Cannae will post -0.29 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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