SunTrust Robinson Sticks to Its Sell Rating for Cimpress (CMPR)

By Jason Carr

SunTrust Robinson analyst Youssef Squali maintained a Sell rating on Cimpress (CMPRResearch Report) today and set a price target of $94. The company’s shares opened today at $106.16.

Squali observed:

“We believe the greatest takeaway from Investor Day, held this morning, is that there were no major announcements. This is not surprising considering that the company released F4Q19 results last week with the CEO’s annual letter to shareholders detailing business performance by segment and outlook. In all, the company reiterated much of what was presented in this letter (see our F4Q19 review here), with the event also acting as an important annual platform to showcase business leaders who provided a more granular view of their respective segments. Here are our preliminary takeaways. Our thesis, estimates, Sell rating and $94 PT remain unchanged.”

According to TipRanks.com, Squali is a top 100 analyst with an average return of 25.1% and a 70.8% success rate. Squali covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, Uber Technologies Inc, and IAC/InterActiveCorp.

Currently, the analyst consensus on Cimpress is a Hold with an average price target of $91.33.

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Based on Cimpress’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $6.53 million. In comparison, last year the company had a GAAP net loss of $7.3 million.

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