Cannae Holdings Inc

Cannae Holdings Inc Stock Forecast & Price Prediction

Live Cannae Holdings Inc Stock (CNNE) Price
$21.70

3

Ratings

  • Buy 3
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$21.70

P/E Ratio

-5.08

Volume Traded Today

$196,800

Dividend

$0.12

52 Week High/low

22.99/16.94

Cannae Holdings Inc Market Cap

$1.36B

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CNNE Summary

The Cannae Holdings Inc (CNNE) share price is expected to increase by 29.03% over the next year. This is based on calculating the average 12-month share price estimate provided by 3 stock analysts who have covered CNNE. Price targets range from $27 at the low end to $30 at the high end. The current analyst consensus for CNNE is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

CNNE Analyst Ratings

About 3 Wall Street analysts have assignedCNNE 3 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Cannae Holdings Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on CNNE. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

CNNE stock forecast by analyst

These are the latest 20 analyst ratings of CNNE.

Analyst/Firm

Rating

Price Target

Change

Date

Kenneth Lee
RBC Capital

Outperform

$27

Maintains

Nov 14, 2024
Ian Zaffino
Oppenheimer

Outperform

$27

Maintains

Mar 6, 2024
Ian Zaffino
Oppenheimer

Outperform

$25

Maintains

Feb 22, 2024
John Campbell
Stephens & Co.

Overweight

$30

Maintains

Nov 8, 2023
Kenneth Lee
RBC Capital

Outperform

$26

Maintains

Nov 8, 2023
Kenneth Lee
RBC Capital

Outperform

$27

Maintains

Oct 13, 2023
John Campbell
Stephens & Co.

Overweight

$39

Reiterates

Jun 13, 2023
Kenneth Lee
RBC Capital

Outperform

$28

Maintains

May 11, 2023
John Campbell
Stephens & Co.

Overweight

$39

Maintains

May 10, 2023
Kenneth Lee
RBC Capital

Outperform

$32

Maintains

Nov 10, 2022
John Campbell
Stephens & Co.

Overweight

$42

Maintains

Aug 9, 2022

RBC Capital

Outperform


Initiates

Dec 20, 2021

Oppenheimer

Outperform


Initiates

Nov 20, 2020
John Campbell
Stephens & Co.

Overweight

$48

Reiterates

Feb 24, 2020

PiperJaffray

Overweight


Upgrade

Nov 9, 2018

Piper Sandler

Overweight


Upgrade

Nov 9, 2018

CNNE Company Information

What They Do: Principal investment firm specializing in diverse sectors.

Business Model: The company operates by making investments in various sectors, including restaurants, technology-enabled healthcare services, and financial services. It takes both minority and majority stakes in its investments, which allows for flexible involvement in the companies it supports.

Other Information: Founded in 2014, Cannae Holdings, Inc. is headquartered in Las Vegas, Nevada, positioning itself strategically in a vibrant business environment. The firm's diverse portfolio reflects a commitment to capitalize on emerging trends and growth opportunities across multiple industries.
CNNE
Cannae Holdings Inc (CNNE)

When did it IPO

2017

Staff Count

7,741

Country

United States

Sector/Industry

Consumer Cyclical/Restaurants

CEO

Mr. William Patrick Foley II

Market Cap

$1.36B

Cannae Holdings Inc (CNNE) Financial Data

In 2023, CNNE generated $570.0M in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that CNNE's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

N/A

Revenue From 2021

N/A

0.00 %
From Previous Year

Revenue From 2022

N/A

0.00 %
From Previous Year

Revenue From 2023

$570.0M

0.00 %
From Previous Year
  • Revenue TTM $461.9M
  • Operating Margin TTM -15.9%
  • Gross profit TTM $43.0M
  • Return on assets TTM -3.3%
  • Return on equity TTM -15.2%
  • Profit Margin -70.0%
  • Book Value Per Share 30.03%
  • Market capitalisation $1.36B
  • Revenue for 2021 N/A
  • Revenue for 2022 N/A
  • Revenue for 2023 $570.0M
  • EPS this year (TTM) $-4.90

Cannae Holdings Inc (CNNE) Latest News

News Image

Fri, 15 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Analysts' price targets for Cannae (CNNE) suggest a 35.4% upside, supported by consensus on increasing earnings estimates.

Why It Matters - Analysts' price targets suggest significant upside for Cannae (CNNE), indicating potential growth. Consensus on raised earnings estimates further strengthens the bullish outlook for the stock.

News Image

Tue, 12 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Cannae Holdings, Inc. (NYSE: CNNE) will host its Q3 2024 earnings conference call on November 12, 2024, at 5:00 PM ET, featuring key executives and analysts.

Why It Matters - Cannae Holdings' Q3 earnings call provides insights into financial performance and future outlook, influencing stock valuation and investor sentiment.

News Image

Tue, 12 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Cannae Holdings, Inc. (NYSE: CNNE) has released its Q3 2024 financial results, available on its website. A conference call is scheduled for November 12, 2024, at 5:00 PM ET for discussion.

Why It Matters - Cannae Holdings' Q3 2024 financial results could indicate performance trends and future outlook, influencing stock valuation and investment decisions.

News Image

Tue, 12 Nov 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - Cannae Holdings, Inc. (CNNE) reported a quarterly loss of $0.22 per share, better than the estimated loss of $0.34, and an improvement from a loss of $2.18 per share a year earlier.

Why It Matters - Cannae Holdings' smaller-than-expected quarterly loss indicates improved financial performance, potentially boosting investor confidence and stock valuation prospects.

News Image

Thu, 07 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Cannae Holdings, Inc. (NYSE: CNNE) declared a quarterly cash dividend of $0.12 per share, payable on December 31, 2024, to shareholders of record as of December 17, 2024.

Why It Matters - Cannae Holdings' declaration of a quarterly dividend signals financial stability and a commitment to returning value to shareholders, potentially attracting more investors and boosting stock demand.

News Image

Wed, 30 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Cannae Holdings, Inc. (NYSE: CNNE) will release Q3 2024 financial results on November 12, 2024, after market close, followed by a conference call at 5:00 PM ET.

Why It Matters - Cannae Holdings' upcoming financial results release and conference call may influence stock performance, provide insights into business health, and signal future growth prospects.

...

CNNE Frequently asked questions

The highest forecasted price for CNNE is $30 from John Campbell at Stephens & Co..

The lowest forecasted price for CNNE is $27 from Kenneth Lee from RBC Capital

The CNNE analyst ratings consensus are 3 buy ratings, 0 hold ratings, and 0 sell ratings.