In a report released today, Kenneth Lee from RBC Capital maintained a Buy rating on Cannae Holdings (CNNE – Research Report), with a price target of $28.00. The company’s shares closed yesterday at $20.22.
Lee covers the Financial sector, focusing on stocks such as Invesco, Artisan Partners, and Voya Financial. According to TipRanks, Lee has an average return of 17.3% and a 70.41% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cannae Holdings with a $27.50 average price target.
CNNE market cap is currently $1.27B and has a P/E ratio of -4.79.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CNNE in relation to earlier this year.
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Cannae Holdings (CNNE) Company Description:
Cannae Holdings, Inc. engages in the management and operation of a group of companies and investments. It operates through the following business segment: Restaurant Group, Ceridian, T-System, and Corporate and Other. The Restaurant Group segment is consist of the operations of ABRH. The Ceridian segment refers to Ceridian HCM, a global company which offers a broad range of services and software designed to help employers effectively manage employment processes. The T-System segment is comprised of the operations of the wholly-owned subsidiary of the company, T-System which provides clinical documentation and coding solutions to hospital based and free standing emergency departments and urgent care facilities. The Corporate and Other segment covers certain other unallocated corporate overhead expenses and other smaller investments. The company is headquartered in Las Vegas, NV.
