SunTrust Banks upgraded shares of Cimpress (NASDAQ:CMPR) from a sell rating to a hold rating in a report released on Friday, BenzingaRatingsTable reports. They currently have $128.00 price objective on the business services provider’s stock, up from their previous price objective of $94.00. SunTrust Banks also issued estimates for Cimpress’ Q1 2020 earnings at $0.51 EPS, Q4 2020 earnings at $0.45 EPS, FY2021 earnings at $4.58 EPS, FY2022 earnings at $5.44 EPS and FY2023 earnings at $6.41 EPS.

CMPR has been the topic of a number of other reports. Barrington Research restated a market perform rating on shares of Cimpress in a report on Friday, August 16th. Aegis restated a hold rating and set a $80.00 target price on shares of Cimpress in a report on Wednesday, June 5th. ValuEngine upgraded shares of Cimpress from a hold rating to a buy rating in a report on Thursday, August 1st. Finally, BidaskClub upgraded shares of Cimpress from a buy rating to a strong-buy rating in a report on Saturday, August 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $102.67.

Shares of CMPR opened at $130.13 on Friday. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 40.79, a PEG ratio of 1.87 and a beta of 0.05. Cimpress has a 1-year low of $73.74 and a 1-year high of $146.67. The company’s fifty day simple moving average is $114.15 and its 200 day simple moving average is $94.52. The company has a current ratio of 0.46, a quick ratio of 0.33 and a debt-to-equity ratio of 8.00.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, July 31st. The business services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.74. The business had revenue of $674.71 million for the quarter, compared to the consensus estimate of $657.51 million. Cimpress had a net margin of 3.46% and a return on equity of 85.75%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.24) earnings per share. As a group, research analysts forecast that Cimpress will post 3.22 earnings per share for the current year.

In related news, EVP Donald Leblanc sold 6,653 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $116.81, for a total transaction of $777,136.93. Following the transaction, the executive vice president now directly owns 18,227 shares in the company, valued at $2,129,095.87. The sale was disclosed in a filing with the SEC, which is available through this link. 18.40% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its holdings in shares of Cimpress by 2.5% in the second quarter. Janus Henderson Group PLC now owns 3,785,510 shares of the business services provider’s stock valued at $344,065,000 after purchasing an additional 91,165 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Cimpress in the second quarter valued at $112,016,000. BlackRock Inc. increased its holdings in shares of Cimpress by 5.5% in the second quarter. BlackRock Inc. now owns 1,132,514 shares of the business services provider’s stock valued at $102,935,000 after purchasing an additional 59,440 shares during the last quarter. Wasatch Advisors Inc. increased its holdings in shares of Cimpress by 4.9% in the second quarter. Wasatch Advisors Inc. now owns 830,884 shares of the business services provider’s stock valued at $75,519,000 after purchasing an additional 38,999 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Cimpress by 9.7% in the first quarter. FMR LLC now owns 800,546 shares of the business services provider’s stock valued at $64,148,000 after purchasing an additional 70,901 shares during the last quarter. Hedge funds and other institutional investors own 88.42% of the company’s stock.

About Cimpress

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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