Cousins Properties Incorporated (NYSE:CUZ) currently has a daily average trading volume of 1.95M but it saw 1571724 shares traded on Thursday. With a market cap of 2.98B USD, stock’s current market price of $19.78 came falling about -2.27 while comparing to the previous closing price of $20.24. In past 52 weeks, the stock remained buoying in the range of price level as high as $34.85 and as low as $18.06. In the recent trading on the day, stock has struck highest price mark of $20.20 while lowest mark touched by it was $19.60.
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Taking a look at 20-day trading activity of Cousins Properties Incorporated (CUZ) gives us an average price of $20.47, while its current price level is -43.24% below from 52-week high level whereas it is 9.55% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $20.54 while that of 200 days or SMA-200 reads an average of $24.23. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.80% during that period while stretching the period over a month that decreases to 3.34%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.43 which implies that the stock is in neutral territory.
Cousins Properties Incorporated (CUZ)’s stock is currently under the radar of 9 analysts who are in consensus at a 12-month price target range of between $22.00 and $28.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $22.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $28.00. Average price target assigned by them is $25.75 which highlights an upside potential of 23.18% for the stock over that period. And to attain the median price target of $26.00 assigned by those analysts, stock has to add about 23.92% of value to its current levels.
Data by FactSet Research shows that 9 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 2 are advising it as an Overweight. 4 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, CUZ’s stock price is moving -0.20% down while it is -5.27% when we observe its performance for the past one month. Year-to-date it is -21.79% down and over the past year, the stock is showing a downside performance of -41.57%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.19 beat the consensus estimate of $0.13 for the same. The company is expected to be releasing its next quarterly report in 07/26/2023, for which analysts forecasted an EPS of $0.15 while estimate for next year EPS is $0.56. For CUZ, analysts are forecasting an EPS-growth rate of -49.50% for current year and estimate for EPS growth in next year is 16.10%. In next quarter, company is expected to be making quarterly sales of $200.49 million as analysts are expecting the sales for current fiscal year at $801.4 million and seeing the company making $832.54 million in sales next year. Moreover, analysts are in estimates of $199.95 million for current-quarter revenue.
Currently, Cousins Properties Incorporated’s total number of outstanding shares is 151.58M with 0.59% of that held by the insiders while 111.58% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.50% and return on equity (ROE) at 3.50%. It has a price to earnings ratio (P/E ratio) of 18.56 while having a 30.43 of forward P/E ratio. Stock’s beta reads 1.10. Stock has a price to book (P/B) ratio of 0.65 while price to sale or P/S ratio amounts to 3.83. Its return on asset (ROA) is 2.10% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Real Estate Index Fund came shrinking its share ownership by -0.24% in the Cousins Properties Incorporated (CUZ) decreasing its stake to 4.39% with control over 15878.0 shares in the company. As per SEC documents, Vanguard Real Estate Index Fund sought 6,655,133 of company’s common stock of worth $145.15 million as per recent closing price of the stock. Vanguard Real Estate Index Fund is not the only institutional holder which restructured its stake in Cousins Properties Incorporated, as Cohen & Steers Real Estate Securi picked 5,015,153 shares of worth $109.38 million to bring its holdings to a total of 0.89 million shares. In the most recent quarter, Vanguard Total Stock Market ETF came rising its stake by 0.05% in the company and now holds 4.72 million or 3.11% of the company’s stake having worth of about 102.84 million.
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