Analysts Update Their Price Target On Cousins Properties Incorporated (NYSE:CUZ)
- Author: Zachary Reyes Feb 24, 2017,
Feb 24, 2017, 8:59
The Company has extensive experience in the real estate industry, including the acquisition, financing, development, management and leasing of properties. The stock was trading on above-average volume.
Separately, Zacks Investment Research upgraded Cousins Properties from a "hold" rating to a "buy" rating and set a $9.75 price objective on the stock in a research note on Thursday, February 16th. The company has a 1 Year high price target of $8.67.
Analysts' mean recommendation for Cousins Properties Incorporated's (CUZ) stands at 2.80. The company has a 50-day moving average price of $8.50 and a 200-day moving average price of $7.96. It has a past 5-day performance of 2.3 percent and trades at an average volume of 6.16M shares. The company has a market cap of $3.49B and now has 407.02M shares outstanding.
Cousins Properties Incorporated (NYSE:CUZ) tinted loss of -0.92% (-0.08 points) to US$8.58. The Moving Average SMA50 is 1.93% while SMA200 is 10.9%.
President & CEO, GELLERSTEDT LAWRENCE L III, purchased 27,000 common shares of Cousins Properties Incorporated (CUZ) in the open market. While it's Return on Investment (ROI) value is 0%.
Several investment firms issued their expert ratings on Cousins Properties Incorporated (NYSE:CUZ) in which Stifel Nicolaus Downgrades Cousins Properties Incorporated (NYSE:CUZ) to Sell with no specific Price Target on 9/29/16. An influential analyst on Wall Street may give a stock that is now trading at $60 a one-year price target of $90; however, there is no concrete way to calculate a price target.
Cousins Properties Incorporated (NYSE:CUZ) now has a consensus Price Target of $8.67. The median estimate represents a +4.05% increase from the last price of 8.65. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. They now have a Dollars 8 price target on the stock. Looking over the last month situation it was ranked as "Buy" by 1 analyst. The consensus estimate for current quarter is $0.16 and for the current fiscal year, the estimate is $0.6. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.
Receive Cousins Properties Incorporated News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties Incorporated with MarketBeat.com's FREE daily email newsletter. The Company invests in Class-A office towers and mixed-use developments in Sunbelt markets, including Atlanta, Austin, Charlotte and Dallas. The stock has 52-week high of $10.41 and 52-Week low of $4.08. The Company Touched its 52-Week High on Feb 9, 2017 and 52-Week Low on Feb 29, 2016. The Average Volume (3 months) is 3.1 Million. That puts total institutional holdings at 420,910,327 shares, according to SEC filings. 25,000,000 shares are being offered by the Company for expected gross proceeds of $214.0 million before underwriting discounts and estimated offering expenses payable by the Company, and an aggregate of 38,571,336 shares are being offered by TPG for expected gross proceeds of $330.2 million before underwriting discounts and estimated offering expenses payable by TPG. This shows a surprise factor of 0 percent. Year to Date performance value (YTD perf) value is 1.55%.