Somewhat Favorable News Coverage Somewhat Unlikely to Affect Corporate Express common stock (CXP) Share Price

News articles about Corporate Express common stock (NYSE:CXP) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Corporate Express common stock earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 48.5539274255595 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of Corporate Express common stock opened at $22.95 on Monday, Marketbeat reports. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market cap of $2.71 billion, a PE ratio of 20.13 and a beta of 1.02. Corporate Express common stock has a 1-year low of $19.55 and a 1-year high of $23.55.

Corporate Express common stock (NYSE:CXP) last announced its earnings results on Thursday, July 26th. The real estate investment trust reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $75.37 million during the quarter, compared to the consensus estimate of $71.96 million. Corporate Express common stock had a return on equity of 3.66% and a net margin of 34.95%. The company’s revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. analysts predict that Corporate Express common stock will post 1.47 EPS for the current fiscal year.

Several brokerages recently issued reports on CXP. Zacks Investment Research upgraded Corporate Express common stock from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Wednesday, May 30th. Morgan Stanley lowered their target price on Corporate Express common stock from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, June 14th. Finally, Goldman Sachs Group upgraded Corporate Express common stock from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Tuesday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $23.67.

About Corporate Express common stock

Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings concentrated in New York, San Francisco, and Washington, DC Its portfolio includes 20 properties with over nine million square feet. Columbia carries an investment-grade rating from both Moody's and Standard & Poor's.

See Also: Market Capitalization – What it Means for Investors

Insider Buying and Selling by Quarter for Corporate Express common stock (NYSE:CXP)

Receive News & Ratings for Corporate Express common stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Express common stock and related companies with's FREE daily email newsletter.

Leave a Reply