Barrington analyst Kevin Steinke maintained a Buy rating on Cimpress (NASDAQ: CMPR) today and set a price target of $165. The company’s shares closed yesterday at $141.48.
Steinke wrote:
“We believe this acquisition is consistent with Cimpress’ strategy of acquiring businesses with unique manufacturing capabilities in certain product categories that enhance the customer value proposition. Cimpress will provide further insight about the acquisition in its Q1/19 earnings announcement on October 31. For now, our estimates are unchanged, and our price target remains $165. We maintain our OUTPERFORM investment rating. Company Description Cimpress N.V. invests in and builds customer-focused, entrepreneurial, mass- customization businesses for the long term.”
According to TipRanks.com, Steinke is a 3-star analyst with an average return of 4.5% and a 50.6% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Echo Global Logistics, and Heidrick & Struggles.
Currently, the analyst consensus on Cimpress is a Hold with an average price target of $143.33.
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The company has a one-year high of $171.76 and a one-year low of $95.65. Currently, Cimpress has an average volume of 114.7K.
Based on the recent corporate insider activity of 35 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.
