Analysts Expect Cannae Holdings Inc (CNNE) to Announce ($0.07) Earnings Per Share

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

Brokers have set a 1-year consensus price objective of $18.75 for the company and are expecting 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 57 out of 265 based on the ratings given to related companies.

Several brokerages have issued reports on CNNE. Zacks Investment Research lowered shares of Cannae from a “hold” rating to a “sell” rating in a research report on Monday, January 1st. TheStreet lowered shares of Cannae from a “b-” rating to a “d+” rating in a research report on Tuesday, January 16th. Finally, ValuEngine upgraded shares of Cannae from a “buy” rating to a “strong-buy” rating in a research report on Monday.

Several institutional investors and hedge funds have recently made changes to their positions in CNNE. Schwab Charles Investment Management Inc. bought a new stake in shares of Cannae in the 4th quarter worth approximately $18,148,000. Fox Run Management L.L.C. bought a new stake in Cannae during the 4th quarter valued at $314,000. Hollencrest Capital Management bought a new stake in Cannae during the 4th quarter valued at $1,891,000. Strs Ohio bought a new stake in Cannae during the 4th quarter valued at $301,000. Finally, James Investment Research Inc. bought a new stake in Cannae during the 4th quarter valued at $455,000. Hedge funds and other institutional investors own 70.93% of the company’s stock.

Cannae (CNNE) opened at $17.16 on Thursday. The company has a market cap of $1,110.00 and a P/E ratio of -34.32. Cannae has a 12 month low of $16.16 and a 12 month high of $18.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.06 and a current ratio of 2.06.

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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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