CBIZ (NYSE:CBZ) Coverage Initiated by Analysts at Stephens
by Tristan Rich · The Markets DailyAnalysts at Stephens started coverage on shares of CBIZ (NYSE:CBZ – Get Free Report) in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage set an “equal weight” rating and a $31.00 price target on the business services provider’s stock. Stephens’ price objective indicates a potential upside of 12.26% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on the company. BMO Capital Markets started coverage on CBIZ in a research note on Monday, March 30th. They issued an “outperform” rating and a $33.00 price objective for the company. Zacks Research upgraded shares of CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CBIZ in a report on Monday, January 12th. They issued a “hold” rating and a $60.00 target price on the stock. CJS Securities upgraded shares of CBIZ to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of CBIZ in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.33.
Check Out Our Latest Stock Report on CBIZ
CBIZ Stock Performance
Shares of CBZ stock opened at $27.61 on Friday. The stock’s 50-day moving average is $29.20 and its two-hundred day moving average is $43.80. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.22 and a current ratio of 1.22. CBIZ has a 1 year low of $24.29 and a 1 year high of $80.65. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 0.52 and a beta of 0.93.
CBIZ (NYSE:CBZ – Get Free Report) last posted its earnings results on Wednesday, February 25th. The business services provider reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.66) by ($0.04). The firm had revenue of $542.66 million during the quarter, compared to analysts’ expectations of $578.02 million. CBIZ had a net margin of 4.19% and a return on equity of 12.23%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.20) earnings per share. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. Analysts predict that CBIZ will post 2.65 earnings per share for the current year.
Insiders Place Their Bets
In related news, CFO Brad S. Lakhia acquired 12,775 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $25.97 per share, with a total value of $331,766.75. Following the transaction, the chief financial officer owned 148,480 shares of the company’s stock, valued at $3,856,025.60. The trade was a 9.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.95% of the company’s stock.
Institutional Investors Weigh In On CBIZ
Several large investors have recently modified their holdings of the stock. Strategic Wealth Investment Group LLC purchased a new position in CBIZ in the 2nd quarter valued at $37,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of CBIZ by 377.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock worth $30,000 after acquiring an additional 442 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of CBIZ by 165.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock worth $52,000 after acquiring an additional 450 shares during the period. Danske Bank A S purchased a new stake in shares of CBIZ in the third quarter valued at about $42,000. Finally, Torren Management LLC acquired a new position in shares of CBIZ during the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.
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.