Cision Ltd. (CISN) Given New $16.00 Price Target at Credit Suisse Group
Cision Ltd. (NASDAQ:CISN) had its price target hoisted by research analysts at Credit Suisse Group from $14.00 to $16.00 in a report issued on Monday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group’s target price would indicate a potential upside of 25.20% from the company’s current price.
Other equities analysts have also recently issued reports about the company. Deutsche Bank AG initiated coverage on Cision in a research report on Monday, July 31st. They issued a “buy” rating and a $16.00 price objective on the stock. Citigroup Inc. initiated coverage on Cision in a research report on Friday, July 28th. They issued a “buy” rating and a $13.00 price objective on the stock.
Shares of Cision (CISN) traded up 1.17% during mid-day trading on Monday, hitting $12.93. The company had a trading volume of 203,513 shares. The firm has a 50-day moving average price of $12.24 and a 200-day moving average price of $12.16. The firm’s market capitalization is $525.28 million. Cision has a 52 week low of $9.85 and a 52 week high of $13.36.
Cision (NASDAQ:CISN) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.38. The business had revenue of $157.13 million during the quarter, compared to the consensus estimate of $156.80 million. Equities analysts forecast that Cision will post $0.58 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in CISN. Wells Fargo & Company MN purchased a new stake in Cision during the 2nd quarter valued at $223,000. Virtu KCG Holdings LLC purchased a new stake in Cision during the 2nd quarter valued at $389,000. Nationwide Fund Advisors purchased a new stake in Cision during the 2nd quarter valued at $782,000. Berkley W R Corp purchased a new stake in Cision during the 2nd quarter valued at $1,942,000. Finally, Simcoe Capital Management LLC purchased a new stake in Cision during the 2nd quarter valued at $8,003,000.
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