Cornerstone Progressive Return Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide total return. The Fund invests primarily all of its assets in equity securities of the United States issuers, non- United States issuers whose securities trade on the United States securities exchange or over the counter or as American depositary receipts (ADRs) or other forms of depositary receipts, such as international depositary receipts (IDRs), which trade in the United States, closed-end investment companies and exchange-traded funds (ETFs). The Fund pursues current income, as a component of total return, by investing in dividend-paying equity securities and the United States dollar-denominated debt securities. The Fund's investment advisor is Cornerstone Advisors, Inc.
Industry, Sector and Symbol:
- Sector: Financials
- Industry: Closed End Funds
- Sub-Industry: N/A
- Symbol: NYSE:CFP
- CUSIP: N/A
- Web: N/A
- 50 Day Moving Avg: $16.68
- 200 Day Moving Avg: $15.83
- 52 Week Range: $12.52 - $18.72
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 17.17
- P/E Growth: 0.00
- Net Margins: -28.64%
- Return on Equity: -0.48%
- Return on Assets: -0.48%
- Average Volume: 130,938 shs.
Frequently Asked Questions for Cornerstone Progressive Return Fund (NYSE:CFP)
What is Cornerstone Progressive Return Fund's stock symbol?
Cornerstone Progressive Return Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "CFP."
Where is Cornerstone Progressive Return Fund's stock going? Where will Cornerstone Progressive Return Fund's stock price be in 2017?
2 brokerages have issued 12 month price objectives for Cornerstone Progressive Return Fund's shares. Their forecasts range from $21.25 to $41.00. On average, they expect Cornerstone Progressive Return Fund's share price to reach $31.13 in the next twelve months. View Analyst Ratings for Cornerstone Progressive Return Fund.
Who are some of Cornerstone Progressive Return Fund's key competitors?
Some companies that are related to Cornerstone Progressive Return Fund include Ares Capital Corporation (ARCC), Prospect Capital Corporation (PSEC), FS Investment Corporation (FSIC), 3i Infrastructure PLC (3IN), Tortoise Energy Infrastructure Corporation (TYG), Apollo Investment Corporation (AINV), TPG Specialty Lending (TSLX), Golub Capital BDC (GBDC), Liberty All-Star Equity Fund (USA), New Mountain Finance Corporation (NMFC), Hercules Capital (HTGC), TCP Capital Corp. (TCPC), Solar Capital (SLRC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), Invesco California Value Municipal Income Trust (VCV), PennantPark Investment Corporation (PNNT) and BlackRock Capital Investment Corporation (BKCC).
How do I buy Cornerstone Progressive Return Fund stock?
Shares of Cornerstone Progressive Return Fund can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cornerstone Progressive Return Fund's stock price today?
MarketBeat Community Rating for Cornerstone Progressive Return Fund (NYSE CFP)MarketBeat's community ratings are surveys of what our community members think about Cornerstone Progressive Return Fund and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Cornerstone Progressive Return Fund stock can currently be purchased for approximately $16.83.
Consensus Ratings for Cornerstone Progressive Return Fund (NYSE:CFP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$31.13 (84.94% upside)|
Analysts' Ratings History for Cornerstone Progressive Return Fund (NYSE:CFP)
(Data available from 9/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|4/23/2017||Piper Jaffray Companies||Upgrade||Neutral -> Overweight||$40.00 -> $41.00||Low|
Earnings History for Cornerstone Progressive Return Fund (NYSE:CFP)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for Cornerstone Progressive Return Fund (NYSE:CFP)
Current Year EPS Consensus Estimate: $0.60 EPS
Next Year EPS Consensus Estimate: $0.98 EPS
Current Dividend Information for Cornerstone Progressive Return Fund (NYSE:CFP)
|Most Recent Dividend:||9/30/2015|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||0.00% (Based on This Year's Estimates)|
0.00% (Based on Next Year's Estimates)
Dividend History by Quarter for Cornerstone Progressive Return Fund (NYSE CFP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Headline Trends for Cornerstone Progressive Return Fund (NYSE:CFP)
Latest Headlines for Cornerstone Progressive Return Fund (NYSE:CFP)
Cornerstone Progressive Return Fund (CFP) Chart for Tuesday, September, 19, 2017