Cision Ltd. (CISN) Receives Average Recommendation of “Strong Buy” from Analysts
Cision Ltd. (NASDAQ:CISN) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus target price of $14.50 for the company, according to Zacks. Zacks has also given Cision an industry rank of 117 out of 265 based on the ratings given to its competitors.
A number of research firms have recently issued reports on CISN. Credit Suisse Group increased their target price on Cision from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, September 25th. Citigroup Inc began coverage on Cision in a research note on Friday, July 28th. They issued a “buy” rating and a $13.00 target price for the company. Finally, Deutsche Bank AG began coverage on Cision in a research note on Monday, July 31st. They issued a “buy” rating and a $16.00 target price for the company.
Shares of Cision (CISN) opened at $12.83 on Friday. Cision has a 1 year low of $9.80 and a 1 year high of $13.68.
Cision (NASDAQ:CISN) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.38. The firm had revenue of $157.13 million for the quarter, compared to analyst estimates of $156.80 million.
Several hedge funds have recently bought and sold shares of the company. Bamco Inc. NY acquired a new stake in shares of Cision in the second quarter valued at about $41,376,000. TimesSquare Capital Management LLC acquired a new stake in shares of Cision in the second quarter valued at about $22,399,000. Janus Henderson Group PLC acquired a new stake in shares of Cision in the second quarter valued at about $21,391,000. BlueMountain Capital Management LLC acquired a new stake in shares of Cision in the second quarter valued at about $14,259,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Cision in the second quarter valued at about $8,534,000.
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