A share price of City Office REIT Inc [CIO] is currently trading at $5.50, up 1.10%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CIO shares have gain 3.38% over the last week, with a monthly amount glided 12.70%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, RBC Capital Mkts downgraded its rating to Sector Perform on November 19, 2021, and kept the price target unchanged to $19. On March 27, 2020, downgrade downgraded it’s rating to Mkt Perform. Compass Point downgraded its rating to a Neutral but stick to its price target of $9 on March 26, 2020. Raymond James upgraded its rating to a Outperform but $15 remained the price target by the analyst firm on January 07, 2020. JMP Securities started tracking with a Mkt Outperform rating for this stock on October 09, 2018, and assigned it a price target of $14. In a note dated January 10, 2018, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $16 to $13.
City Office REIT Inc experienced fluctuations in its stock price throughout the past year between $4.19 and $6.40. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. City Office REIT Inc [NYSE: CIO] shares were valued at $5.50 at the most recent close of the market. An investor can expect a potential return of 172.73% based on the average CIO price forecast.
Analyzing the CIO fundamentals
Trailing Twelve Months sales for City Office REIT Inc [NYSE:CIO] were 168.89M which represents -5.02% decline. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.89.
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 5.42 points at the first support level, and at 5.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.55, and for the 2nd resistance point, it is at 5.60.
Ratios To Look Out For
To put it in perspective, the Current Ratio for City Office REIT Inc [NYSE:CIO] is 0.26. As well, the Quick Ratio is 0.26, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 0.36.
