Citigroup Raises Consensus Cloud Solutions (NASDAQ:CCSI) Price Target to $19.00

Consensus Cloud Solutions (NASDAQ:CCSI) had its price target upped by Citigroup from $17.00 to $19.00 in a research note issued to investors on Tuesday,Benzinga reports. Citigroup currently has a sell rating on the stock.

A number of other research analysts have also weighed in on the stock. Oppenheimer raised their target price on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lowered Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and increased their price target for the company from $19.00 to $21.00 in a report on Monday, September 9th. Wedbush increased their target price on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, BTIG Research raised their price objective on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.20.

Consensus Cloud Solutions Stock Up 3.1 %

Shares of Consensus Cloud Solutions stock opened at $24.49 on Tuesday. The firm has a market cap of $472.66 million, a price-to-earnings ratio of 5.36 and a beta of 1.38. Consensus Cloud Solutions has a twelve month low of $11.62 and a twelve month high of $28.09. The business has a 50-day moving average price of $22.86 and a 200-day moving average price of $20.68.

Hedge Funds Weigh In On Consensus Cloud Solutions

A number of hedge funds have recently added to or reduced their stakes in CCSI. SummerHaven Investment Management LLC lifted its holdings in shares of Consensus Cloud Solutions by 3.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 22,426 shares of the company’s stock worth $385,000 after buying an additional 769 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Consensus Cloud Solutions in the 3rd quarter worth $29,000. Rhumbline Advisers boosted its position in Consensus Cloud Solutions by 4.8% during the second quarter. Rhumbline Advisers now owns 30,358 shares of the company’s stock valued at $522,000 after purchasing an additional 1,379 shares in the last quarter. National Bank of Canada FI bought a new position in Consensus Cloud Solutions in the second quarter worth about $33,000. Finally, Sei Investments Co. boosted its holdings in shares of Consensus Cloud Solutions by 18.5% in the 2nd quarter. Sei Investments Co. now owns 17,594 shares of the company’s stock valued at $302,000 after buying an additional 2,751 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors.

Consensus Cloud Solutions Company Profile

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. The company offers eFax Corporate, a digital cloud-fax technology; Unite, a single platform that allows the user to choose between various protocols to send and receive healthcare information and can integrate into an existing electronic health record system or stand-alone if no EHR is present.