Convergys Corp Rating Reiterated by Macquarie (CVG)
Convergys Corp (NYSE:CVG)‘s stock had its “neutral” rating restated by research analysts at Macquarie in a report released on Wednesday. They currently have a $23.00 price target on the stock, down from their previous price target of $25.00. Macquarie’s price objective indicates a potential upside of 23.66% from the stock’s previous close.
Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Convergys Corp in a research note on Wednesday. They now have a $21.00 price target on the stock, down previously from $23.00. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Convergys Corp currently has a consensus rating of “Buy” and a consensus price target of $23.33.
Shares of Convergys Corp (NYSE:CVG) traded up 0.11% during mid-day trading on Wednesday, hitting $18.62. 645,796 shares of the company’s stock traded hands. Convergys Corp has a one year low of $17.16 and a one year high of $24.43. The stock has a 50-day moving average of $20.39 and a 200-day moving average of $20.99. The company has a market cap of $1.886 billion and a price-to-earnings ratio of 39.08.
Convergys Corp (NYSE:CVG) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $736.00 million for the quarter, compared to the consensus estimate of $732.69 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 46.0% on a year-over-year basis. Analysts expect that Convergys Corp will post $1.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Friday, September 19th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, September 17th.
Convergys Corporation (NYSE:CVG) is engaged in customer management.
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