Detailed Review Of Prospects For CBIZ Inc. Stock

Currently, CBIZ Inc. [CBZ] is trading at $49.31, down -0.62%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CBZ shares have gain 3.12% over the last week, with a monthly amount glided 4.29%, and seem to be holding up well over a long-time horizon.

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On 27, October 2022, CBIZ REPORTS THIRD-QUARTER AND NINE-MONTH 2022 RESULTS AND INCREASES FULL-YEAR 2022 GUIDANCE. In a post published today on Yahoo Finance, THIRD-QUARTER HIGHLIGHTS:.

From an analyst’s perspective:

CBIZ Inc. [NYSE: CBZ] stock has seen the most recent analyst activity on March 31, 2020, when CJS Securities upgraded its rating to a Market Outperform. On July 19, 2016, Sidoti initiated with a Buy rating. First Analysis Sec upgraded its rating to a Equal-Weight but stick to its price target of $9.50 on March 15, 2016. Sidoti upgraded its rating to a Buy. First Analysis Sec downgraded its rating to Underweight for this stock on October 29, 2015, but kept the price target unchanged to $9.50. In a note dated October 13, 2015, Sidoti downgraded an Neutral rating on this stock.

This stock has fluctuated between a low of $35.32 and a high of $50.57 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $54.00 within the next 12 months. CBIZ Inc. [NYSE: CBZ] shares were valued at $49.31 at the most recent close of the market. An investor can expect a potential return of 9.51% based on the average CBZ price forecast.

Analyzing the CBZ fundamentals

Recent quarter sales for CBIZ Inc. [NYSE:CBZ] were 363.26 billion which represents 28.50% growth. Gross Margin for this corporation currently stands at +14.42% with Operating Margin at +9.33%, Pretax Margin comes in at +8.42%, and Net Margin reading is +6.42%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 49.07 points at the first support level, and at 48.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.71, and for the 2nd resistance point, it is at 50.12.

CBIZ Inc. [CBZ] reported earnings per share of $0.51 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of $0.06 and a surprise factor of 13.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.6 per share as compared to estimates of $0.49 per share, a difference of $0.11 representing a surprise of 22.40%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for CBIZ Inc. [NYSE:CBZ] is 1.30. As well, the Quick Ratio is 1.07, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 1.90, the price to book ratio is 2.89 and the P/E (TTM) ratio is 24.24.

Transactions by insiders

Insider trading has also been a hot topic recently, with 2 insiders purchasing 15,000 shares and 3 selling 35,000 shares in the past 3 months. Recent insider trading involved GROVE WARE H, C.F.O., that happened on Oct 31 when 1401.0 shares were sold. Director, HUDSON SHERRILL W completed a deal on Oct 31 to sell 20000.0 shares. Meanwhile, C.F.O. GROVE WARE H sold 13599.0 shares on Oct 28.