Cimpress (CMPR) Gets a Buy Rating from Barrington

By Austin Angelo

In a report released today, Kevin Steinke from Barrington maintained a Buy rating on Cimpress (CMPRResearch Report), with a price target of $100. The company’s shares opened today at $83.91, close to its 52-week low of $76.76.

Steinke noted:

“We are encouraged by continued sales growth for small business products, indicating that demand remains solid. We expect advertising to be reduced at least through the second half of FY/19. Once operational issues are fixed and advertising spend is restored, we believe Vistaprint’s growth will rebound. Following a 28% pullback in the stock yesterday, we view shares as attractive for patient investors. Our reduced price target of $100 (down from $135) assumes an EV/NTM EBITDA multiple of 11x versus the current multiple of 10.4x (based on our estimates). With 20% upside to our price target, our investment rating is OUTPERFORM.”

According to, Steinke is a 1-star analyst with an average return of -3.1% and a 45.1% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Heidrick & Struggles, and Navigant Consulting.

The word on The Street in general, suggests a Hold analyst consensus rating for Cimpress with a $93 average price target.

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Based on Cimpress’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $14.64 million. In comparison, last year the company had a net profit of $29.94 million.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CMPR in relation to earlier this year.

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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.