Crown Castle Inc. has drawn significant attention from the investment community in recent months, as evidenced by the average rating of “Moderate Buy” assigned to the stock by eighteen research firms, according to Bloomberg Ratings. This consensus opinion is derived from a sell recommendation from one analyst, three hold recommendations, and ten buy recommendations.
In terms of valuation, brokers that recently updated their coverage on Crown Castle have assigned an average twelve-month target price of $155.56. While many hedge funds have bought shares in Crown Castle over recent quarters, these figures show little change or growth in its overall revenue since the same period last year. Although Crown Castle’s net margin stands at approximately 23.81%, its return on equity is equally noteworthy at 22.12%.
Crown Castle last announced its quarterly earnings results on April 19th, reporting a less-than-impressive $0.97 EPS for Q1 2023 compared to market expectations of $1.85 per share – indicating that growth targets were missed by approximately $0.88 per share. The company generated revenue amounting to $1.77 billion during this quarter – a slight increase compared to analysts’ estimations of around $1.76 billion.
While some investors may be discouraged by Crown Castle’s middling performance over recent periods, several hedge fund managers appear more optimistic about its prospects moving forward. Richard W. Paul & Associates LLC entered a new position buying shares valued at around $25k while Almanack Investment Partners boosted its holdings valued at roughly $28k during Q3 2022.
Grey Fox Wealth Advisors LLC increased its stakes too as it bought shares worth about $29k at year-end and Centerpoint Advisors LLC recently bought shares valued at around the same amount in Q1 2023.
Of course, ST Germain D J Co.’s entry into the stock with an investment totaling about $31k earlier this year cannot be overlooked either. At present, institutional investors own approximately 90.27% of all Crown Castle shares outstanding.
With the above in mind, it is clear that Crown Castle remains an investment opportunity worth keeping an eye on and, as such, could potentially provide healthy returns for those who invest with a long-term view. While only time will tell where the company’s shares will go, it is advisable to keep your ear close to the ground and remain up-to-date with all relevant news and market developments related to Crown Castle moving forward.
Analyst Ratings and Insider Trading Activity Impact Crown Castle’s Stock
Crown Castle International Corp (CCI) has recently been the subject of a range of rating updates from equities analysts, according to a recent report. Cowen decreased their price objective on Crown Castle from $152.00 to $149.00 and set an “outperform” rating on the stock in a report on April 21st. Conversely, Cowen increased their target price on shares of Crown Castle from $149.00 to $152.00 in a report dated January 27th, maintaining an “outperform” rating on the stock. Confusingly, Royal Bank of Canada cut their price target on shares of Crown Castle from $162.00 to $144.00 in a research report published on April 26th, while Barclays actually reduced their price objective on the company from $153.00 to $145.00 but kept an “equal weight” rating on the stock in a separate research note issued just one day prior.
Morgan Stanley rounded off the slew of updates by lowering their target price on Crown Castle from $159.00 to $151.00 with another research note published April 18th.
Shares of NYSE CCI opened at $110.92 recently and reveal that the business has a quick ratio of 0.52 along with a current ratio of 0.52; it also has a debt-to-equity ratio of 2.98 making its market cap an impressive figure at over $48 billion dollars.
The company’s P/E ratio stands at 28.74 which is considered relatively high in comparison to other firms within its industry.
Perplexingly, Richard W Paul & Associates LLC added new equity into CCI during Q4 last year valued at around $25,000 as did Almanack Investment Partners LLC buying equity worth about £28,000 during Q3 last year too – however numbers for recent performance are yet unknown for both parties at this stage. Grey Fox Wealth Advisors LLC and Centerpoint Advisors LLC also purchased new stakes in the 4th quarter at roughly $29,000 each while lastly, ST Germain DJ Co. Inc acquired a new CCI position somewhere around $31,000 in value. Trouble is here for Crown Castle shareholders, as institutional investors now hold approximately 90.27% of the company’s entire stock!
On a better note – the business recently disclosed a quarterly dividend payment which will be issued to shareholders on Friday, June 30th with those holding shares by Thursday June 15th receiving a dividend of $1.565 per share.The ex-dividend day for this stock is Wednesday June 14th making this signal from Crown Castle an incredibly important one.
Christopher Levendos who works as the COO for CCI sold over 14 thousand shares in April with his selling price averaging out at around $124 dollars per share. Almost at the same time however, Director Kevin A Stephens actually purchased more than one thousand CCI stocks for his portfolio.
Insight into market trends suggest that events driven by insider trading activity might have an impact on prices over time – readjusting trades was difficult when insiders held nearly over $3 million worth of transactions just within the last ninety days alone; see latest SEC updates for details.
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