Citigroup Forecasts Strong Price Appreciation for Consensus Cloud Solutions (NASDAQ:CCSI) Stock

Consensus Cloud Solutions (NASDAQ:CCSI) had its price target upped by Citigroup from $17.00 to $19.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Citigroup currently has a sell rating on the stock.

A number of other brokerages have also recently weighed in on CCSI. Oppenheimer lifted their price target on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $19.00 to $21.00 in a report on Monday, September 9th. BTIG Research increased their price target on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Wedbush raised their target price on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.20.

Consensus Cloud Solutions Stock Up 0.1 %

Consensus Cloud Solutions stock opened at $23.75 on Tuesday. The business’s 50-day simple moving average is $22.83 and its 200 day simple moving average is $20.60. The stock has a market cap of $458.38 million, a price-to-earnings ratio of 5.20 and a beta of 1.38. Consensus Cloud Solutions has a 12-month low of $11.62 and a 12-month high of $28.09.

Institutional Investors Weigh In On Consensus Cloud Solutions

Several hedge funds have recently modified their holdings of CCSI. Capital Performance Advisors LLP bought a new position in Consensus Cloud Solutions in the 3rd quarter valued at approximately $29,000. National Bank of Canada FI acquired a new position in Consensus Cloud Solutions in the 2nd quarter valued at approximately $33,000. SG Americas Securities LLC bought a new position in shares of Consensus Cloud Solutions during the third quarter valued at $148,000. CWM LLC lifted its holdings in shares of Consensus Cloud Solutions by 388.4% during the second quarter. CWM LLC now owns 8,792 shares of the company’s stock worth $151,000 after purchasing an additional 6,992 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Consensus Cloud Solutions in the second quarter worth $188,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

About Consensus Cloud Solutions

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. The company offers eFax Corporate, a digital cloud-fax technology; Unite, a single platform that allows the user to choose between various protocols to send and receive healthcare information and can integrate into an existing electronic health record system or stand-alone if no EHR is present.