CV Holdings Inc (CBF) Receives Average Recommendation of “Hold” from Brokerages
Shares of CV Holdings Inc (NYSE:CBF) have been given an average recommendation of “Hold” by the six brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $41.50.
CBF has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of CV Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Barclays PLC restated an “overweight” rating and issued a $44.00 target price (up previously from $42.00) on shares of CV Holdings in a report on Tuesday, April 11th. Brean Capital lowered shares of CV Holdings from a “buy” rating to a “hold” rating in a report on Monday, May 8th. Finally, FBR & Co lowered shares of CV Holdings from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $45.00 to $44.00 in a report on Monday, April 24th.
Shares of CV Holdings (CBF) opened at 38.15 on Friday. The firm’s 50-day moving average is $38.16 and its 200-day moving average is $39.74. CV Holdings has a 52 week low of $28.84 and a 52 week high of $45.00. The stock has a market capitalization of $1.97 billion and a price-to-earnings ratio of 25.26.
CV Holdings (NYSE:CBF) last released its earnings results on Thursday, July 20th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $101.24 million during the quarter, compared to analyst estimates of $99.11 million. On average, equities research analysts anticipate that CV Holdings will post $1.94 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.48 annualized dividend and a dividend yield of 1.26%.
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Institutional investors have recently made changes to their positions in the stock. State Street Corp raised its position in shares of CV Holdings by 33.8% in the first quarter. State Street Corp now owns 806,063 shares of the company’s stock valued at $34,982,000 after buying an additional 203,778 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of CV Holdings by 22.2% in the first quarter. TIAA CREF Investment Management LLC now owns 136,542 shares of the company’s stock valued at $5,926,000 after buying an additional 24,808 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of CV Holdings during the first quarter valued at $1,022,000. MARSHALL WACE ASIA Ltd bought a new position in shares of CV Holdings during the first quarter valued at $1,022,000. Finally, Geode Capital Management LLC raised its position in shares of CV Holdings by 8.9% in the first quarter. Geode Capital Management LLC now owns 252,353 shares of the company’s stock valued at $10,952,000 after buying an additional 20,622 shares in the last quarter.
About CV Holdings
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