Cision Ltd (NYSE:CISN) – Research analysts at SunTrust Banks cut their FY2019 EPS estimates for shares of Cision in a research report issued to clients and investors on Tuesday, January 8th. SunTrust Banks analyst M. Thornton now forecasts that the company will post earnings per share of $0.91 for the year, down from their prior forecast of $0.99. SunTrust Banks also issued estimates for Cision’s FY2020 earnings at $1.01 EPS.

Several other research firms also recently commented on CISN. Zacks Investment Research downgraded shares of Cision from a “hold” rating to a “sell” rating in a research note on Monday, October 15th. Deutsche Bank downgraded shares of Cision from a “buy” rating to a “hold” rating and raised their price target for the stock from $16.00 to $18.00 in a research note on Monday, October 8th. Goldman Sachs Group started coverage on shares of Cision in a research note on Thursday, January 3rd. They issued a “neutral” rating and a $12.00 price target on the stock. Finally, ValuEngine downgraded shares of Cision from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Cision currently has a consensus rating of “Buy” and a consensus price target of $17.73.

Cision stock opened at $12.54 on Friday. The stock has a market capitalization of $1.65 billion, a PE ratio of 22.00 and a beta of 0.57. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.82 and a quick ratio of 0.82. Cision has a 12-month low of $10.86 and a 12-month high of $18.28.

Cision (NYSE:CISN) last released its earnings results on Wednesday, November 7th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $177.20 million during the quarter, compared to analyst estimates of $176.92 million. Cision had a negative net margin of 6.65% and a positive return on equity of 31.58%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. purchased a new position in Cision during the 3rd quarter valued at about $123,000. SG Americas Securities LLC purchased a new position in Cision during the 3rd quarter valued at about $143,000. Legal & General Group Plc increased its position in Cision by 52.0% during the 3rd quarter. Legal & General Group Plc now owns 8,872 shares of the company’s stock valued at $149,000 after purchasing an additional 3,037 shares during the period. California Public Employees Retirement System purchased a new position in Cision during the 2nd quarter valued at about $162,000. Finally, Strs Ohio purchased a new position in Cision during the 2nd quarter valued at about $171,000. 52.75% of the stock is currently owned by institutional investors and hedge funds.

About Cision

Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs. It offers Cision Communications Cloud, an earned media cloud-based platform that brands can use to build relationships with influencers and buyers in order to amplify their marketplace influence; and provides media database that offers access to influencers when planning a campaign, as well as to schedule and record various interactions with contacts.

See Also: Initial Public Offering (IPO)

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