Consolidated Graphics Downgraded by Zacks to “Neutral” (CGX)
Consolidated Graphics (NYSE:CGX) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday, StockRatingsNetwork reports. They currently have a $62.40 target price on the stock. Zacks‘ price target would indicate a potential upside of 11.83% from the company’s current price.
Consolidated Graphics (NYSE:CGX) traded up 0.16% during mid-day trading on Tuesday, hitting $55.80. The stock had a trading volume of 22,933 shares. Consolidated Graphics has a 1-year low of $25.71 and a 1-year high of $59.45. The stock’s 50-day moving average is $55.96 and its 200-day moving average is $48.05. The company has a market cap of $540.5 million and a price-to-earnings ratio of 20.64.
Consolidated Graphics (NYSE:CGX) last released its earnings data on Wednesday, August 7th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.31. The company had revenue of $236.70 million for the quarter, compared to the consensus estimate of $236.90 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts predict that Consolidated Graphics will post $3.58 earnings per share for the current fiscal year.
Consolidated Graphics, Inc (NYSE:CGX) is a provider of commercial printing and print-related services with 70 printing businesses located across 27 states, Toronto, and Prague.
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