SunTrust Robinson analyst Youssef Squali maintained a Sell rating on Cimpress (CMPR) today and set a price target of $84. The company’s shares opened today at $90.29.
Squali commented:
“We believe that it will take time and material effort to successfully address all the issues (operational, technical and competitive) at hand across the multitude of segments and geos, and expect the near-term performance will remain muted at best. We maintain a Sell rating on 1) lack of visibility into timing for growth re-acceleration, particularly at Vistaprint, 2) lack of catalysts (other than buybacks); and 3) valuation.”
According to TipRanks.com, Squali is a top 100 analyst with an average return of 23.5% and a 71.6% success rate. Squali covers the Technology sector, focusing on stocks such as Match Group Inc, Trade Desk Inc, and Cardlytics Inc.
Cimpress has an analyst consensus of Moderate Buy, with a price target consensus of $87.50.
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The company has a one-year high of $155.51 and a one-year low of $73.74. Currently, Cimpress has an average volume of 199.2K.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CMPR in relation to earlier this year.
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Cimpress NV engages in the provision of printing services. Its activities include manufacture and sale customized orders of print, signage, apparel, and similar products. It operates through the following segments: Vistaprint; Upload and Print; National Pen; and All Ither Businesses. The Vistaprint segment focuses in the web bvusiness operation.
