Zacks: Cannae Holdings Inc (CNNE) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Cannae Holdings Inc (NYSE:CNNE) have received an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Analysts have set a twelve-month consensus target price of $18.75 for the company and are forecasting that the company will post ($0.07) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Cannae an industry rank of 70 out of 265 based on the ratings given to related companies.

Several equities research analysts have commented on CNNE shares. TheStreet upgraded shares of Cannae from a “c-” rating to a “b-” rating in a research note on Wednesday, December 13th. Zacks Investment Research lowered shares of Cannae from a “hold” rating to a “sell” rating in a research note on Monday, January 8th.

Cannae (CNNE) traded up $0.09 during trading hours on Friday, reaching $17.83. 171,500 shares of the company were exchanged, compared to its average volume of 210,750. Cannae has a 1-year low of $16.16 and a 1-year high of $18.90. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1,251.93, a price-to-earnings ratio of 11.01 and a beta of 0.80.

Cannae (NYSE:CNNE) last posted its earnings results on Wednesday, October 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). Cannae had a net margin of 7.05% and a return on equity of 1.76%. equities analysts anticipate that Cannae will post 1.48 EPS for the current fiscal year.

An institutional investor recently bought a new position in Cannae stock. Fox Run Management L.L.C. purchased a new stake in Cannae Holdings Inc (NYSE:CNNE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,425 shares of the company’s stock, valued at approximately $314,000. Institutional investors and hedge funds own 70.96% of the company’s stock.

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About Cannae

Cannae Holdings, Inc is a diversified holding company. The Company has investments in a variety of industries including Restaurants, Technology Enabled Healthcare Services, Financial Services and more. The Company holds majority and minority equity investment stakes in a number of entities, including Ceridian Holdings, LLC, American Blue Ribbon Holdings, and LLC and T-System Holding LLC.

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