CBIZ, Inc. (NYSE:CBZ) Stock Has Average Price Target of $44.50 According to Brokerages

Shares of CBIZ, Inc. (NYSE:CBZ) have been given a consensus rating of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $44.50.

A number of equities research analysts recently issued reports on CBZ shares. Barrington Research cut shares of CBIZ from an “outperform” rating to a “hold” rating in a report on Wednesday, September 16th. US Capital Advisors set a $55.00 price target on shares of CBIZ in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. William Blair lowered CBIZ from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 23rd. Finally, CJS Securities cut shares of CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a research report on Thursday, July 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CBZ. 22C Capital LLC bought a new position in CBIZ during the fourth quarter worth about $161,554,000. BlackRock Inc. bought a new position in CBIZ during the second quarter worth $159,495,000. Basswood Capital Management L.L.C. bought a new stake in shares of CBIZ in the 2nd quarter valued at $14,476,000. Montrusco Bolton Investments Inc. raised its holdings in CBIZ by 15.2% during the first quarter. Montrusco Bolton Investments Inc. now owns 340,021 shares of the business services provider’s stock worth $9,130,000 after buying an additional 44,900 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of CBIZ in the second quarter valued at about $7,194,000. Institutional investors own 87.44% of the company’s stock.

CBIZ Stock Performance

Shares of CBZ opened at $54.89 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.32 and a beta of 0.91. The company’s 50 day simple moving average is $54.71 and its 200 day simple moving average is $42.67. CBIZ has a 1 year low of $24.29 and a 1 year high of $56.41.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Monday, October 19th. The business services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.07). CBIZ had a return on equity of 12.85% and a net margin of 5.33%. The company had revenue of $702.24 million for the quarter, compared to analysts’ expectations of $727.08 million. During the same quarter in the previous year, the company earned $1.01 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts predict that CBIZ will post 4.17 EPS for the current year.

CBIZ Company Profile

CBIZ, Inc is a professional services company that provides accounting, tax, advisory and business consulting services to businesses, individuals and nonprofit organizations. Its offerings include financial reporting, tax planning and compliance, valuation, transaction support, internal audit and risk-management consulting.

The company has also provided employee and insurance services, including employee benefits consulting, payroll and human resources support, property and casualty insurance brokerage, retirement plan services and risk-management solutions.