Cimpress (NASDAQ:CMPR) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Cimpress (NASDAQ:CMPR) from a buy rating to a strong-buy rating in a report published on Wednesday morning.

A number of other equities research analysts have also recently weighed in on the company. Barrington Research restated an “outperform” rating and issued a $119.00 price target on shares of Cimpress in a report on Friday, December 20th. Truist Financial lowered their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 1st.

Cimpress Trading Down 0.3 %

NASDAQ CMPR opened at $71.72 on Wednesday. The business’s 50 day moving average is $77.83 and its two-hundred day moving average is $83.61. Cimpress has a 12-month low of $58.05 and a 12-month high of $104.92. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 0.68 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.80). The company had revenue of $804.97 million for the quarter, compared to analysts’ expectations of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Equities analysts forecast that Cimpress will post 4.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cimpress

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cimpress by 5.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,521 shares of the business services provider’s stock valued at $287,000 after acquiring an additional 169 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Cimpress by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider’s stock valued at $1,797,000 after purchasing an additional 215 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Cimpress by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider’s stock worth $2,375,000 after purchasing an additional 308 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Cimpress by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 10,383 shares of the business services provider’s stock worth $910,000 after buying an additional 334 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Cimpress in the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

About Cimpress

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.