SunTrust Banks Reiterates Hold Rating for Cimpress (NASDAQ:CMPR)

SunTrust Banks reiterated their hold rating on shares of Cimpress (NASDAQ:CMPR) in a research note issued to investors on Friday, AnalystRatings.com reports. The brokerage currently has a $128.00 price target on the business services provider’s stock.

CMPR has been the topic of several other reports. BidaskClub downgraded Cimpress from a hold rating to a sell rating in a research note on Friday, January 10th. TheStreet cut Cimpress from a b- rating to a c rating in a research note on Monday, December 2nd. ValuEngine downgraded Cimpress from a buy rating to a hold rating in a report on Wednesday, October 2nd. Finally, Barrington Research restated a hold rating on shares of Cimpress in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of Hold and a consensus price target of $102.67.

Shares of CMPR opened at $106.89 on Friday. The company has a 50 day moving average of $116.08 and a two-hundred day moving average of $119.86. The company has a quick ratio of 0.34, a current ratio of 0.49 and a debt-to-equity ratio of 8.00. Cimpress has a twelve month low of $73.74 and a twelve month high of $145.09. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 1.10 and a beta of 0.06.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.24. Cimpress had a return on equity of 173.17% and a net margin of 4.64%. The business had revenue of $634.00 million for the quarter, compared to the consensus estimate of $629.98 million. During the same period in the prior year, the firm posted ($0.47) earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts expect that Cimpress will post 4.53 EPS for the current year.

In other news, insider Scott J. Vassalluzzo sold 750,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $135.00, for a total transaction of $101,250,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 19.00% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in CMPR. Nuveen Asset Management LLC acquired a new stake in shares of Cimpress during the second quarter worth about $112,016,000. Man Group plc lifted its holdings in shares of Cimpress by 388.1% during the third quarter. Man Group plc now owns 102,842 shares of the business services provider’s stock worth $13,559,000 after purchasing an additional 81,770 shares during the period. BlackRock Inc. lifted its holdings in shares of Cimpress by 5.5% during the second quarter. BlackRock Inc. now owns 1,132,514 shares of the business services provider’s stock worth $102,935,000 after purchasing an additional 59,440 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Cimpress during the fourth quarter worth about $4,998,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Cimpress by 22.3% during the second quarter. Parametric Portfolio Associates LLC now owns 85,993 shares of the business services provider’s stock worth $7,816,000 after purchasing an additional 15,676 shares during the period. 91.37% of the stock is owned by hedge funds and other institutional investors.

About Cimpress

Cimpress N.V. provides various mass customization services in the United States, Germany, and internationally. The company delivers various volumes of individually small-sized customized orders for a range of print, signage, photo merchandise, invitation and announcement, packaging, apparel, and other categories primarily through the Internet.

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