CBIZ Inc (NYSE: CBZ) has reported E.P.S. of $0.39 for its second fiscal quarter (ending June 30) versus $0.54 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.36 compared to $2.29 a year ago.
Recent Price Action
CBIZ Inc (NYSE: CBZ) stock suffered a major decline of -19.3% on 7/31/24. The shares closed at $69.40. Moreover, this decline was accompanied by exceptionally high trading volume at 522% of normal. The stock has declined -18.1% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CBZ is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
CBIZ has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. CBIZ has a poor Appreciation Score of 28 but a very high Power Rating of 87, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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