CV Holdings Inc (CBF) Earns Neutral Rating from Analysts at Piper Jaffray Cos.
Equities researchers at Piper Jaffray Cos. started coverage on shares of CV Holdings Inc (NYSE:CBF) in a research report issued on Wednesday. The firm set a “neutral” rating on the stock.
A number of other brokerages have also issued reports on CBF. FBR & Co reissued an “outperform” rating and set a $42.00 target price (up from $39.00) on shares of CV Holdings in a research note on Saturday, October 22nd. Zacks Investment Research lowered shares of CV Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, October 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. CV Holdings currently has a consensus rating of “Hold” and an average price target of $34.50.
CV Holdings (NYSE:CBF) opened at 35.65 on Wednesday. The company has a market cap of $1.53 billion and a PE ratio of 25.78. CV Holdings has a 52 week low of $27.12 and a 52 week high of $36.70. The company has a 50-day moving average of $32.65 and a 200-day moving average of $30.79.
CV Holdings (NYSE:CBF) last issued its earnings results on Thursday, October 20th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.01. On average, equities analysts expect that CV Holdings will post $1.67 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Wednesday, November 9th will be issued a $0.12 dividend. This is an increase from CV Holdings’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Monday, November 7th.
In related news, Director Martha M. Bachman sold 39,369 shares of CV Holdings stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $29.03, for a total value of $1,142,882.07. Following the completion of the sale, the director now directly owns 21,183 shares in the company, valued at $614,942.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Several hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors Inc. increased its stake in CV Holdings by 6.9% in the second quarter. Teachers Advisors Inc. now owns 47,833 shares of the company’s stock valued at $1,378,000 after buying an additional 3,108 shares during the last quarter. Banc Funds Co. LLC increased its stake in CV Holdings by 1.7% in the second quarter. Banc Funds Co. LLC now owns 605,524 shares of the company’s stock valued at $17,439,000 after buying an additional 10,000 shares during the last quarter. California Public Employees Retirement System increased its stake in CV Holdings by 2.9% in the third quarter. California Public Employees Retirement System now owns 28,600 shares of the company’s stock valued at $918,000 after buying an additional 800 shares during the last quarter. Teachers Advisors LLC increased its stake in CV Holdings by 4.8% in the third quarter. Teachers Advisors LLC now owns 50,124 shares of the company’s stock valued at $1,609,000 after buying an additional 2,291 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in CV Holdings by 14.5% in the third quarter. TIAA CREF Investment Management LLC now owns 106,141 shares of the company’s stock valued at $3,408,000 after buying an additional 13,431 shares during the last quarter.
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