Cimpress Gets a Sell Rating from Aegis Capital


Aegis Capital analyst Victor Anthony maintained a Sell rating on Cimpress (NASDAQ: CMPR) yesterday and set a price target of $110. The company’s shares opened today at $137.88.

Anthony commented:

“We are updating our post F3Q18 estimates and reducing our price target on from $114. See our first look note on F3Q18 (here). We retain our Sell rating on the stock on a continuation of our concerns around gross margin pressures, growth challenges at the core Vistaprint brand and now at the Upload & Print business unit, and overall margin pressures.”

According to TipRanks.com, Anthony is a top 100 analyst with an average return of 17.0% and a 66.7% success rate. Anthony covers the Services sector, focusing on stocks such as Qurate Retail Group Inc, Pandora Media, and XO Group.

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 230.8K.

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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.

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