Analysts Set CBIZ, Inc. (NYSE:CBZ) Price Target at $44.50

Shares of CBIZ, Inc. (NYSE:CBZ) have earned an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $44.50.

A number of brokerages recently weighed in on CBZ. Stephens set a $37.00 price objective on CBIZ in a report on Friday, May 1st. Weiss Ratings upgraded shares of CBIZ from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. US Capital Advisors set a $55.00 price target on shares of CBIZ in a research note on Thursday, July 30th. CJS Securities lowered shares of CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $42.00 price objective on shares of CBIZ in a research note on Thursday, April 30th.

Institutional Trading of CBIZ

Several hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its stake in shares of CBIZ by 377.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock valued at $30,000 after buying an additional 442 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new position in shares of CBIZ in the second quarter worth about $37,000. EverSource Wealth Advisors LLC lifted its stake in shares of CBIZ by 667.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 1,315 shares during the last quarter. Danske Bank A S bought a new stake in shares of CBIZ in the 3rd quarter valued at about $42,000. Finally, Torren Management LLC purchased a new stake in CBIZ during the 4th quarter valued at about $48,000. 87.44% of the stock is owned by institutional investors.

CBIZ Stock Up 0.1%

CBZ opened at $54.52 on Friday. The business’s fifty day simple moving average is $39.00 and its 200 day simple moving average is $33.81. CBIZ has a 52 week low of $24.29 and a 52 week high of $67.24. The company has a quick ratio of 1.63, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The stock has a market cap of $2.96 billion, a PE ratio of 25.48, a P/E/G ratio of 1.14 and a beta of 0.93.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.19. CBIZ had a return on equity of 12.33% and a net margin of 4.73%.The firm had revenue of $682.21 million during the quarter, compared to analyst estimates of $697.96 million. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. As a group, research analysts expect that CBIZ will post 4.1 earnings per share for the current fiscal year.

About CBIZ

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.