CBIZ, Inc. (NYSE:CBZ) Given Consensus Recommendation of “Hold” by Analysts

CBIZ, Inc. (NYSE:CBZ) has received a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $44.50.

A number of brokerages recently commented on CBZ. CJS Securities downgraded CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a research note on Thursday, July 30th. Barrington Research assumed coverage on CBIZ in a research note on Wednesday, June 24th. They issued an “outperform” rating and a $45.00 target price on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $42.00 price target on shares of CBIZ in a report on Thursday, April 30th. Stephens set a $37.00 price target on shares of CBIZ in a research report on Friday, May 1st. Finally, US Capital Advisors set a $55.00 price objective on shares of CBIZ in a report on Thursday, July 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in CBIZ by 17.8% in the 1st quarter. Bank of New York Mellon Corp now owns 166,787 shares of the business services provider’s stock valued at $4,478,000 after acquiring an additional 25,214 shares during the period. Quantinno Capital Management LP boosted its position in CBIZ by 543.8% during the 1st quarter. Quantinno Capital Management LP now owns 175,005 shares of the business services provider’s stock worth $4,699,000 after acquiring an additional 147,820 shares during the period. Great Lakes Advisors LLC bought a new position in shares of CBIZ in the second quarter worth $1,142,000. Edgestream Partners L.P. bought a new position in shares of CBIZ in the first quarter worth $3,611,000. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of CBIZ during the second quarter valued at $639,000. Institutional investors own 87.44% of the company’s stock.

CBIZ Stock Performance

Shares of CBZ stock opened at $54.77 on Thursday. The company has a market cap of $2.97 billion, a P/E ratio of 25.59, a PEG ratio of 1.15 and a beta of 0.93. The business has a 50 day moving average of $44.43 and a two-hundred day moving average of $35.01. CBIZ has a 52 week low of $24.29 and a 52 week high of $66.22. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. The business had revenue of $682.21 million for the quarter, compared to analysts’ expectations of $697.96 million. CBIZ had a return on equity of 12.33% and a net margin of 4.73%.The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 EPS. As a group, analysts anticipate that CBIZ will post 4.1 EPS 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.