The stock of Cousins Properties Incorporated (NYSE:CUZ) decreased by -$0.17 on Friday to finish at $22.45, down -0.75 percent. The last five days have seen an average of 1,064,140 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$2.84. The average number of shares traded over the last 20 days was 1,614,125, while the average volume over the last 50 days totaled 1,445,518.
CUZ stock dropped -4.63% since last month. On 08/21/23, the company’s shares reached a one-month low of $21.68. The stock touched a high of $28.86 on 02/02/23, after rallying from a low of $18.06 in 52 weeks. The price of CUZ stock has declined by -11.23% or -$2.84 this year, reaching a new high 7 times. Still, the stock price is down -22.21% from the 52-week high.
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Insider Transactions
CUZ stock investors should be aware that Cousins Properties Incorporated (CUZ) stock had its last reported insider trading activity 181 days ago on Feb 28. On Feb 28, Executive Vice President MCCOLL JOHN S sold 36,975 shares at $24.93 each. This transaction resulted in the insider making $921,602. On Feb 17, Roper Pamela F sold 6,095 shares at a price of US$25.77. After the transaction, the insider now owns 42,241 shares.
Valuation Metrics
Cousins Properties Incorporated (CUZ) has a trailing price-to-earnings (P/E) ratio of 22.77. Beta for the stock is 1.15. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.31, the price-to-book (PB) ratio of 0.74, and the price-to-cash flow ratio of 53.47.
Company paid $0.32 per share in dividends, remained unchanged from $0.32 last year. A $0.01 dividend increase was reported on Monday March 21 2022.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.53, and the total debt to equity ratio is 0.53. As far as profitability goes, gross margin for the trailing twelve months is 65.90% percent. Cousins Properties Incorporated’s operating margin stood at 23.00% for the same period. Based on annual data, it had gross profit of $177.99 million and revenue of $762.29 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CUZ’s return on assets (ROA) during the last 12 months has been 2.00%. There was a 2.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 3.20%.
Earnings Surprise
According to Cousins Properties Incorporated’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $204.32 million, while revenues rose by 9.12% to $202.73 million. It was predicted that Cousins Properties Incorporated’s quarterly earnings would be $0.15, but it ended up being $0.16, beating the consensus by -6.30%. EBITDA was $130.08 million for the quarter. At the end of Cousins Properties Incorporated’s most recent quarter ended June 29, its total debt was $2.48 billion. Equity owned by shareholders amounts to $151.78 million.
Technical Picture
Here’s a quick look at Cousins Properties Incorporated’s (CUZ) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 43.80%, suggesting the stock is Neutral, with a 25.35% historical volatility rate.
The stochastic %K and %D were 37.65% and 29.72% respectively, while the average true range (ATR) was 0.57. Based on the 14-day stochastic reading of 35.48%, the RSI (14) reading is 44.75%. On the 9-day MACD Oscillator, the stock is at 0.39, and the 14-day reading is at -0.02.
Analyst Ratings
In its analyst report released on April 20, 2023, Jefferies began covering Cousins Properties Incorporated (NYSE: CUZ). The stock was rated as a Hold by the brokerage firm. Analysts have assigned Cousins Properties Incorporated (CUZ) an Overweight rating. CUZ is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 4 others recommend it as a buy.
What is CUZ’s price target for the next 12 months?
The current consensus forecast for the stock is between $22.00 and $29.00, with a median target price of $27.00. In analyzing these forecasts, the average price target given by analysts for Cousins Properties Incorporated (CUZ) is $26.30.
