CBIZ, Inc. (NYSE:CBZ) Receives $39.25 Average Price Target from Brokerages

Shares of CBIZ, Inc. (NYSE:CBZ) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $39.25.

A number of equities research analysts have recently weighed in on CBZ shares. BMO Capital Markets started coverage on shares of CBIZ in a research note on Monday, March 30th. They set an “outperform” rating and a $33.00 target price on the stock. Zacks Research raised shares of CBIZ from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Weiss Ratings upgraded shares of CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Stephens set a $37.00 price objective on CBIZ in a research report on Friday, May 1st. Finally, Barrington Research began coverage on CBIZ in a report on Wednesday, June 24th. They set an “outperform” rating and a $45.00 target price on the stock.

Institutional Investors Weigh In On CBIZ

Several hedge funds have recently made changes to their positions in CBZ. AQR Capital Management LLC grew its position in shares of CBIZ by 6.2% in the 1st quarter. AQR Capital Management LLC now owns 11,725 shares of the business services provider’s stock worth $889,000 after buying an additional 682 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CBIZ by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,294 shares of the business services provider’s stock valued at $2,222,000 after acquiring an additional 1,318 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in CBIZ by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,270 shares of the business services provider’s stock worth $10,868,000 after acquiring an additional 7,676 shares in the last quarter. Jane Street Group LLC boosted its stake in CBIZ by 96.1% during the first quarter. Jane Street Group LLC now owns 41,240 shares of the business services provider’s stock worth $3,128,000 after acquiring an additional 20,214 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in CBIZ by 80.4% in the second quarter. Prudential Financial Inc. now owns 6,637 shares of the business services provider’s stock worth $492,000 after purchasing an additional 2,957 shares during the period. 87.44% of the stock is currently owned by institutional investors.

CBIZ Price Performance

Shares of CBZ stock opened at $40.95 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.63. CBIZ has a fifty-two week low of $24.29 and a fifty-two week high of $77.91. The firm has a market cap of $2.20 billion, a P/E ratio of 16.45, a P/E/G ratio of 0.85 and a beta of 0.99. The business’s 50 day moving average price is $32.90 and its 200-day moving average price is $34.25.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.22. The company had revenue of $848.58 million during the quarter, compared to analyst estimates of $853.46 million. CBIZ had a return on equity of 12.62% and a net margin of 5.57%.The firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.33 earnings per share. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. On average, equities research analysts anticipate that CBIZ will post 4.07 earnings per share for the current year.

About CBIZ

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.