Cousins Properties Sets New 52-Week High at $12.34 (CUZ)
Cousins Properties (NYSE:CUZ) shares hit a new 52-week high during mid-day trading on Thursday , AnalystRatingsNetwork reports. The company traded as high as $12.34 and last traded at $12.32, with a volume of 412,049 shares trading hands. The stock had previously closed at $12.09.
A number of analysts have recently weighed in on CUZ shares. Analysts at Robert W. Baird raised their price target on shares of Cousins Properties from $12.00 to $13.00 in a research note on Wednesday, May 14th. They now have an “outperform” rating on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. They now have a $13.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Cousins Properties from $11.00 to $12.00 in a research note on Wednesday, April 23rd. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Cousins Properties currently has an average rating of “Buy” and an average target price of $12.50.
The stock’s 50-day moving average is $11.75 and its 200-day moving average is $11.09. The company has a market cap of $2.452 billion and a P/E ratio of 32.85.
Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.02. The company had revenue of $81.72 million for the quarter, compared to the consensus estimate of $77.92 million. During the same quarter last year, the company posted $0.11 earnings per share. Cousins Properties’s revenue was up 113.6% compared to the same quarter last year. On average, analysts predict that Cousins Properties will post $0.73 earnings per share for the current fiscal year.
Cousins Properties Incorporated (NYSE:CUZ) is a real estate investment trust (REIT).
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