Aegis Capital Sticks to Its Hold Rating for Cimpress (CMPR)

By Ryan Adsit

In a report released yesterday, Victor Anthony from Aegis Capital maintained a Hold rating on Cimpress (CMPRResearch Report), with a price target of $80. The company’s shares closed yesterday at $90.14.

Anthony wrote:

“We updated our Cimpress model and increased our price target to $80 from $75 on higher 2020 EBITDA. See our first look note for details on F3Q19 results (here). The model continues to face growth challenges with Cimpress seeing the core Vistaprint brand reporting flat-to-negative growth for the foreseeable future, with the reduction in ad spend likely to exacerbate the decline. [For investors in Alphabet’s stock, note that Vistaprint was a significant paid search customer of Google and paid search spend accounted for the largest portion of the advertising spend reduction.] Despite the continued pressure on revenue growth, the reduction in ad spend and expense efficiencies (travel, etc.) should result in higher reported margins for the segment.”

According to TipRanks.com, Anthony is a top 100 analyst with an average return of 15.4% and a 64.8% success rate. Anthony covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and The Meet Group Inc.

Cimpress has an analyst consensus of Hold, with a price target consensus of $88.

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Cimpress’ market cap is currently $2.77B and has a P/E ratio of 51.97. The company has a Price to Book ratio of 21.47.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is neutral on the stock.

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Cimpress NV engages in the provision of printing services. Its activities include manufacture and sale customized orders of print, signage, apparel, and similar products. It operates through the following segments: Vistaprint; Upload and Print; National Pen; and All Ither Businesses. The Vistaprint segment focuses in the web bvusiness operation.