Cannae (CNNE) Stock Price, News & Analysis

Company Overview

Cannae Holdings, Inc. is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes. Cannae Holdings, Inc. was founded in 2014 and is based in Las Vegas, Nevada.

Key Stats

• Today's Range: $20.20 to $20.56
• 50-Day Range: $18.24 to $21.64
• 52-Week Range: $16.94 to $22.99
• Volume: 273,739 shs
• Average Volume: 362,530 shs
• Market Capitalization: $1.29 billion
• P/E Ratio: N/A
• Dividend Yield: 2.34%
• Price Target: $27.00
• Consensus Rating: Buy

Cannae Stock Analysis - MarketRank™

Cannae scored higher than 91% of companies evaluated by MarketBeat, and ranked 121st out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Cannae has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cannae has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Cannae are expected to grow in the coming year, from ($2.97) to ($0.64) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cannae is -4.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cannae is -4.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Cannae has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.54% of the float of Cannae has been sold short.

Short Interest Ratio / Days to Cover

Cannae has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cannae has recently decreased by 35.75%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Cannae pays a meaningful dividend of 2.36%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Cannae does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 2.5 / 5
• Environmental Score: -0.49

Percentage of Shares Shorted

1.54% of the float of Cannae has been sold short.

Short Interest Ratio / Days to Cover

Cannae has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cannae has recently decreased by 35.75%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: 0.12

News Sentiment

Cannae has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Cannae this week, compared to 2 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Cannae insiders have not sold or bought any company stock.

Percentage Held by Insiders

10.90% of the stock of Cannae is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

88.12% of the stock of Cannae is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CNNE Stock Analysis - Frequently Asked Questions

How have CNNE shares performed this year?

Cannae's stock was trading at $19.51 at the beginning of 2024. Since then, CNNE stock has increased by 5.3% and is now trading at $20.55.
View the best growth stocks for 2024 here.

How were Cannae's earnings last quarter?

Cannae Holdings, Inc. (NYSE:CNNE) released its earnings results on Tuesday, November, 12th. The company reported ($0.22) EPS for the quarter, meeting the consensus estimate of ($0.22). The business's quarterly revenue was down 20.7% compared to the same quarter last year.

Who are Cannae's major shareholders?

Cannae's top institutional shareholders include River Road Asset Management LLC (9.03%), FMR LLC (4.23%), State Street Corp (2.56%) and Geode Capital Management LLC (2.06%). Insiders that own company stock include Cannae Holdings, Inc and Barry B Moullet.
View institutional ownership trends.

How do I buy shares of Cannae?

Shares of CNNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cannae own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cannae investors own include Meta Platforms (META), JPMorgan Chase & Co. (JPM), Visa (V), Alphabet (GOOG), Tesla (TSLA), NVIDIA (NVDA) and Advanced Micro Devices (AMD).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/16/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 11/12/2024
• Today: 11/21/2024
• Ex-Dividend for 12/31 Dividend: 12/17/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Eating & drinking places
• Sub-Industry: Restaurants, Hotels, Motels
• Current Symbol: NYSE:CNNE
• CUSIP: N/A
• CIK: 1704720
• Web: www.cannaeholdings.com
• Phone: (833) 856-8534
• Fax: N/A
• Employees: 7,741
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $27.00
• High Stock Price Target: $27.00
• Low Stock Price Target: $27.00
• Potential Upside/Downside: +31.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($4.81)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-313,400,000.00
• Net Margins: -68.61%
• Pretax Margin: -43.86%
• Return on Equity: -8.26%
• Return on Assets: -7.01%

Debt

• Debt-to-Equity Ratio: 0.10
• Current Ratio: 2.55
• Quick Ratio: 2.55

Sales & Book Value

• Annual Sales: $570 million
• Price / Sales: 2.26
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $32.66 per share
• Price / Book: 0.63

Miscellaneous

• Outstanding Shares: 62,740,000
• Free Float: 55,901,000
• Market Cap: $1.29 billion
• Optionable: Optionable
• Beta: 0.87