CBIZ, Inc. (NYSE:CBZ) Stock Rated "Hold" by Wall Street Brokerages

Key Points

• Wall Street consensus is “Hold”: Seven of eight analysts rate CBIZ a hold, while one recommends buying it. The average 12-month price target is $44.50, below the stock’s reported price of $54.72.
• CBIZ shares have performed strongly, trading near their 52-week high of $56.41 and well above the 200-day moving average of $41.69. Institutional investors own approximately 87.44% of the stock.
• Quarterly earnings exceeded expectations: CBIZ reported adjusted EPS of $0.91 versus the $0.72 consensus estimate, although revenue of $682.21 million fell short of forecasts and declined slightly year over year.

CBIZ, Inc. (NYSE:CBZ - Get Free Report) has received an average rating of "Hold" from the eight brokerages that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $44.50.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. bought a new stake in CBIZ in the second quarter valued at approximately $27,000. North Point Portfolio Managers Corp OH bought a new position in CBIZ during the 3rd quarter worth approximately $27,000. Public Employees Retirement System of Ohio bought a new position in CBIZ during the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its holdings in CBIZ by 667.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the business services provider's stock worth $41,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Montgomery Financial Services LLC acquired a new position in shares of CBIZ in the 2nd quarter worth approximately $48,000. 87.44% of the stock is owned by institutional investors.

CBIZ Stock Performance

NYSE:CBZ opened at $54.72 on Friday. The stock has a market cap of $2.97 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 1.31 and a beta of 0.91. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.74. The stock's 50-day moving average is $54.68 and its 200-day moving average is $41.69. CBIZ has a 1-year low of $24.29 and a 1-year high of $56.41.

CBIZ (NYSE:CBZ - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. The business had revenue of $682.21 million during the quarter, compared to analyst estimates of $697.96 million. CBIZ had a net margin of 4.73% and a return on equity of 12.33%. The firm's quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the business earned $0.95 EPS. Equities research analysts anticipate that CBIZ will post 4.17 earnings per share for the current year.

CBIZ Company Profile

CBIZ, Inc was a provider of accounting, tax, advisory, insurance brokerage and employee benefits services for businesses, individuals and public-sector organizations. Its offerings included audit and assurance, tax planning and compliance, financial and strategic consulting, risk management, commercial insurance, retirement plan services and employee benefit solutions.

Founded in 1996 and headquartered in Cleveland, Ohio, CBIZ grew through a combination of organic expansion and acquisitions.

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