Stagwell (NASDAQ:STGW) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Stagwell (NASDAQ:STGW) had its target price hoisted by research analysts at Rosenblatt Securities from $10.00 to $13.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Rosenblatt Securities‘s target price indicates a potential upside of 24.16% from the company’s current price.

STGW has been the subject of a number of other reports. Wells Fargo & Company upped their price objective on Stagwell from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Friday. Weiss Ratings raised Stagwell from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Wall Street Zen lowered Stagwell from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 25th. The Goldman Sachs Group initiated coverage on Stagwell in a research note on Monday, October 5th. They issued a “buy” rating and a $13.00 price objective on the stock. Finally, B. Riley Financial reiterated a “buy” rating and set a $12.00 target price (up from $10.00) on shares of Stagwell in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Stagwell currently has an average rating of “Moderate Buy” and an average price target of $11.67.

Stagwell Price Performance

STGW opened at $10.47 on Friday. Stagwell has a 1 year low of $4.28 and a 1 year high of $10.61. The company’s 50 day simple moving average is $8.72 and its 200 day simple moving average is $7.17. The stock has a market capitalization of $2.56 billion, a PE ratio of 261.82 and a beta of 1.23. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.81 and a current ratio of 0.81.

Stagwell (NASDAQ:STGW) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The firm had revenue of $816.03 million during the quarter, compared to analyst estimates of $838.38 million. Stagwell had a net margin of 0.31% and a return on equity of 29.37%. Stagwell’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. As a group, sell-side analysts expect that Stagwell will post 0.92 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Stagwell in the third quarter worth about $87,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Stagwell during the 3rd quarter valued at about $683,000. State of Alaska Department of Revenue lifted its position in Stagwell by 5.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 34,753 shares of the company’s stock worth $282,000 after acquiring an additional 1,693 shares in the last quarter. Tidal Investments LLC acquired a new position in Stagwell during the 2nd quarter worth approximately $117,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Stagwell during the 2nd quarter worth approximately $52,000. Institutional investors and hedge funds own 35.61% of the company’s stock.

Stagwell Company Profile

Stagwell Inc is a global marketing and communications services company that helps brands, organizations and institutions develop strategies, engage audiences and manage their reputations. Its services include advertising, media, public relations, digital marketing, consumer insights, creative development and marketing technology.

The company operates through a network of agencies and specialized businesses serving clients across North America, Europe, Asia-Pacific and other international markets.