Cbiz Inc (NYSE:CBZ) does about 349.06K shares in volume on a normal day but saw 632734 shares change hands in the recent trading day. The company now has a market cap of 3.57B USD. Its current market price is $71.07, marking an increase of 6.30% compared to the previous close of $66.86. The 52 week high reached by this stock is $86.36 whilst the lowest price level in 52 weeks is $50.64.
Cbiz Inc (CBZ) has a 20-day trading average at $66.27 and the current price is -17.70% off the 52-week high compared with 40.34% distance from its 52-week low. The 50-day simple moving average of the closing price is $67.86 and its 200-day simple moving average is $72.45. If we look at the stock’s price movements over the week, volatility stands at 2.70%, which decreases to 2.08% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 66.91 to suggest the stock is neutral.
The consensus objective for the share price is $83.00, suggesting that the stock has a potential upside of 14.37% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 12, 2024 when Sidoti upgraded the stock to “Buy” and issued a price target of between $80 and $86. Sidoti upgraded its price target at $63.
The current price level is 7.25%, 4.73%, and -1.91% away from its SMA20, SMA50, and SMA200 respectively, with the CBZ price moving above the 50-day SMA on current market day. Cbiz Inc (CBZ) stock is up 7.62% over the week and 5.62% over the past month. Its price is 13.55% year-to-date and 41.74% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of -0.26 above consensus estimates by 0.01. The company’s next earnings report forecasts estimating quarterly EPS at -0.16 and 2.64 for whole year. Expected sales for next quarter are $511.24M, which analysts say will come at $2.13B for the current fiscal year and next year at $2.24B. In addition, estimates put the company’s current quarterly revenue at an average of $353.29M.
To reach the target analysts have set, the stock logically needs to grow 14.37 percent from here.
The company has a return on investment of 8.02% and return on equity of 14.11%. The price to earnings ratio (P/E ratio) amounts to 30.40 while the forward price to earnings ratio is 23.35. The beta has a value of 0.91. Price to book ratio is 4.00 and price to sales ratio is 2.16.
