CV Holdings Inc (CBF) Given Consensus Rating of “Hold” by Brokerages
CV Holdings Inc (NYSE:CBF) has been given an average rating of “Hold” by the six research firms that are currently covering the firm. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $36.00.
Several research firms have recently weighed in on CBF. Barclays PLC raised their price objective on shares of CV Holdings from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, November 22nd. Zacks Investment Research upgraded shares of CV Holdings from a “sell” rating to a “hold” rating in a research report on Monday, November 21st. Piper Jaffray Cos. began coverage on shares of CV Holdings in a research report on Wednesday, November 16th. They set a “neutral” rating and a $36.00 price objective on the stock. Finally, FBR & Co restated an “outperform” rating and set a $42.00 price objective (up previously from $39.00) on shares of CV Holdings in a research report on Saturday, October 22nd.
CV Holdings (NYSE:CBF) opened at 36.15 on Wednesday. The company has a 50-day moving average of $33.47 and a 200 day moving average of $31.08. The firm has a market cap of $1.56 billion and a price-to-earnings ratio of 26.14. CV Holdings has a 12-month low of $27.12 and a 12-month high of $36.70.
CV Holdings (NYSE:CBF) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Equities analysts expect that CV Holdings will post $1.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Wednesday, November 9th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Monday, November 7th. This is a positive change from CV Holdings’s previous quarterly dividend of $0.10.
A number of large investors have recently made changes to their positions in the company. Banc Funds Co. LLC raised its stake in shares of CV Holdings by 8.0% in the third quarter. Banc Funds Co. LLC now owns 654,224 shares of the company’s stock worth $21,007,000 after buying an additional 48,700 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of CV Holdings by 14.5% in the third quarter. TIAA CREF Investment Management LLC now owns 106,141 shares of the company’s stock worth $3,408,000 after buying an additional 13,431 shares during the period. Phocas Financial Corp. raised its stake in shares of CV Holdings by 6.5% in the third quarter. Phocas Financial Corp. now owns 184,971 shares of the company’s stock worth $5,939,000 after buying an additional 11,275 shares during the period. Teachers Advisors Inc. raised its stake in shares of CV Holdings by 6.9% in the second quarter. Teachers Advisors Inc. now owns 47,833 shares of the company’s stock worth $1,378,000 after buying an additional 3,108 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of CV Holdings by 4.8% in the third quarter. Teachers Advisors LLC now owns 50,124 shares of the company’s stock worth $1,609,000 after buying an additional 2,291 shares during the period.
About CV Holdings
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