In a report released today, Kevin Steinke from Barrington assigned a Buy rating to Cimpress (NASDAQ: CMPR), with a price target of $165. The company’s shares closed yesterday at $135.67.
Steinke wrote:
“We maintain our 12-month price target of $165, which is supported by a DCF analysis and assumes an EV/NTM EBITDA multiple of 13x, in line with the stock’s current multiple (based on our estimates). Our investment rating is OUTPERFORM.”
According to TipRanks.com, Steinke is a 3-star analyst with an average return of 5.9% and a 56.6% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Echo Global Logistics, and Heidrick & Struggles.
Cimpress has an analyst consensus of Hold, with a price target consensus of $139.67.
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The company has a one-year high of $171.76 and a one-year low of $80.61. Currently, Cimpress has an average volume of 198.3K.
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Cimpress NV engages in the business of printing technology. Its activities include manufacture and sale customized orders of print, signage, apparel, and similar products. It operates through the Exaprint, pixartprinting, and vistaprint brands. The company was founded by Robert S. Keane in January 1995 and is headquartered in Venlo, the Netherlands.
