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NYSE:CNNECannae Stock Price, Forecast & News

$36.13
-0.23 (-0.63 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$36.01
Now: $36.13
$36.95
50-Day Range
$29.63
MA: $32.46
$36.36
52-Week Range
$20.51
Now: $36.13
$44.87
Volume370,400 shs
Average Volume421,867 shs
Market Capitalization$2.85 billion
P/E Ratio3.84
Dividend YieldN/A
Beta0.69
Cannae Holdings, Inc is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes. Cannae Holdings, Inc. is based in Las Vegas, Nevada.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.14 out of 5 stars


Industry, Sector and Symbol

Industry Eating & drinking places
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone702-323-7330

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.07 billion
Cash Flow$3.09 per share
Book Value$27.91 per share

Profitability

Net Income$77.30 million

Miscellaneous

Employees22,482
Market Cap$2.85 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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Cannae (NYSE:CNNE) Frequently Asked Questions

How has Cannae's stock been impacted by COVID-19 (Coronavirus)?

Cannae's stock was trading at $31.27 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CNNE stock has increased by 15.5% and is now trading at $36.13. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cannae?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cannae in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Cannae.

When is Cannae's next earnings date?

Cannae is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Cannae.

How were Cannae's earnings last quarter?

Cannae Holdings Inc (NYSE:CNNE) issued its quarterly earnings data on Thursday, May, 7th. The company reported $8.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $8.12. The company earned $173 million during the quarter, compared to analysts' expectations of $243.20 million. Cannae had a return on equity of 49.88% and a net margin of 73.28%. During the same period last year, the business posted $0.07 earnings per share. View Cannae's earnings history.

What price target have analysts set for CNNE?

1 Wall Street analysts have issued 12 month price objectives for Cannae's stock. Their forecasts range from $43.00 to $43.00. On average, they anticipate Cannae's stock price to reach $43.00 in the next year. This suggests a possible upside of 19.0% from the stock's current price. View analysts' price targets for Cannae.

Has Cannae been receiving favorable news coverage?

News headlines about CNNE stock have trended extremely negative this week, InfoTrie reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Cannae earned a news impact score of -5.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutCannae.

Who are some of Cannae's key competitors?

What other stocks do shareholders of Cannae own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cannae investors own include Ring Energy (REI), Ring Energy (REI), NeoPhotonics (NPTN), Aurora Cannabis (ACB), Aphria (APHA), Energy Transfer LP Unit (ET), General Motors (GM), Huntington Bancshares (HBAN), KeyCorp (KEY) and InVitae (NVTA).

Who are Cannae's key executives?

Cannae's management team includes the following people:
  • Mr. Brent Bannister Bickett, Pres (Age 54)
  • Mr. Richard L. Cox CPA, Exec. VP & CFO (Age 53)
  • Mr. Michael Louis Gravelle, Exec. VP, Gen. Counsel & Corp. Sec. (Age 57)
  • Mr. David Ducommun, Sr. VP of Mergers & Acquisitions (Age 42)

What is Cannae's stock symbol?

Cannae trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNNE."

Who are Cannae's major shareholders?

Cannae's stock is owned by a variety of institutional and retail investors. Top institutional investors include Capital Research Global Investors (8.60%), BlackRock Inc. (7.12%), State Street Corp (1.96%), Geode Capital Management LLC (1.44%), Advisory Research Inc. (1.43%) and Confluence Investment Management LLC (1.36%). Company insiders that own Cannae stock include C Malcolm Holland III, Frank P Willey, Michael L Gravelle, Richard L Cox and Richard N Massey. View institutional ownership trends for Cannae.

Which institutional investors are selling Cannae stock?

CNNE stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Two Sigma Investments LP, Loomis Sayles & Co. L P, Deutsche Bank AG, Advisory Research Inc., BNP Paribas Arbitrage SA, Invesco Ltd., and Morgan Stanley. View insider buying and selling activity for Cannae.

Which institutional investors are buying Cannae stock?

CNNE stock was bought by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC, BlackRock Inc., FDx Advisors Inc., Raymond James & Associates, Capital Research Global Investors, JPMorgan Chase & Co., State Street Corp, and Nuveen Asset Management LLC. Company insiders that have bought Cannae stock in the last two years include C Malcolm Holland III, Frank P Willey, Michael L Gravelle, Richard L Cox, and Richard N Massey. View insider buying and selling activity for Cannae.

How do I buy shares of Cannae?

Shares of CNNE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cannae's stock price today?

One share of CNNE stock can currently be purchased for approximately $36.13.

How big of a company is Cannae?

Cannae has a market capitalization of $2.85 billion and generates $1.07 billion in revenue each year. The company earns $77.30 million in net income (profit) each year or $1.76 on an earnings per share basis. Cannae employs 22,482 workers across the globe.

What is Cannae's official website?

The official website for Cannae is www.cannaeholdings.com.

How can I contact Cannae?

Cannae's mailing address is 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV, 89134. The company can be reached via phone at 702-323-7330.

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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