Cousins Properties Incorporated (NYSE:CUZ) saw an upside of 0.27% to close Tuesday at $22.01 after adding $0.06 on the day. The 5-day average trading volume is 1,429,740 shares of the company’s common stock. It has gained $22.43 in the past week and touched a new high 1 time within the past 5 days. An average of 1,806,525 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,479,146.
CUZ’s 1-month performance is -8.18% or -$1.79 on its low of $21.68 reached on 08/21/23. The company’s shares have touched a 52-week low of $18.06 and high of $29.42, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, CUZ has lost -12.97% or -$3.28 and has reached a new high 7 times. However, the current price is down -25.20% from the 52-week high price.
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Insider Transactions
CUZ stock investors last saw insider trading activity on Feb 28.MCCOLL JOHN S (Executive Vice President) most recently sold 36,975 shares at $24.93 per share on Feb 28. This transaction cost the insider $921,602. EVP, General Counsel, Roper Pamela F, sold 6,095 shares at a price of $25.77 on Feb 17.
Valuation Metrics
CUZ stock has a beta of 1.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.20 while the price-to-book (PB) in the most recent quarter is 0.73, with the price to cash flow ratio at 52.15.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.53, while the total debt to equity was 0.53.. In terms of profitability, the gross margin trailing 12 months is 65.90%. The firm’s gross profit as reported stood at $177.99 million against revenue of $762.29 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -50.53% to $22.62 million, while revenue of $22.2 million was 1.86% off the previous quarter. Analysts expected CUZ to announce $0.16 per share in earnings in its latest quarter, but it posted $0.15, representing a -6.30% surprise. EBITDA for the quarter stood at more than $130.08 million. Shareholders hold equity totaling $151.78 million.
Let’s look briefly at Cousins Properties Incorporated (CUZ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 30.88% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.95%.
The stock’s 5-day moving average is $21.97, reflecting a -1.21% or -$0.27 change from its current price. CUZ is currently trading -7.64% above its 20-day SMA, +5.97% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +2.09% and SMA200 by-6.74%.
Stochastic %K and %D was 10.27% and 6.92% and the average true range (ATR) pointed at 0.52. The RSI (14) points at 37.76%, while the 14-day stochastic is at 12.72% with the period’s ATR at 0.56. The stock’s 9-day MACD Oscillator is pointing at -0.48 and -0.91 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Cousins Properties Incorporated (NYSE: CUZ), Jefferies launched coverage with a Hold rating. Analysts offering their rating for CUZ stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CUZ as a “sell,”, while 4 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 4 have offered a “buy” rating.
What is CUZ’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $22.00 and a high of $28.00, with their median price target at $27.00. Looking at these predictions, the average price target given by analysts is for Cousins Properties Incorporated (CUZ) stock is $26.20.
