The stock price of Cousins Properties Inc. (NYSE: CUZ) has surged by 0.79 when compared to previous closing price of 29.11, but the company has seen a 1.73% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-07 that CUZ’s strengths arise out of its Class A office asset portfolio in the high-growth Sun Belt markets, strategic portfolio rebalancing and strong balance sheet.
Is It Worth Investing in Cousins Properties Inc. (NYSE: CUZ) Right Now?
Cousins Properties Inc. (NYSE: CUZ) has a higher price-to-earnings ratio of 75.35x compared to its average ratio, The 36-month beta value for CUZ is at 1.29. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for CUZ is 150.88M, and currently, shorts hold a 2.18% of that float. The average trading volume for CUZ on October 11, 2024 was 1.15M shares.
CUZ’s Market Performance
CUZ stock saw an increase of 1.73% in the past week, with a monthly gain of 1.88% and a quarterly increase of 19.76%. The volatility ratio for the week is 1.64%, and the volatility levels for the last 30 days are 1.85% for Cousins Properties Inc. (CUZ). The simple moving average for the past 20 days is 0.15% for CUZ’s stock, with a 19.12% simple moving average for the past 200 days.
Analysts’ Opinion of CUZ
Many brokerage firms have already submitted their reports for CUZ stocks, with Evercore ISI repeating the rating for CUZ by listing it as a “In-line.” The predicted price for CUZ in the upcoming period, according to Evercore ISI is $29 based on the research report published on August 20, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see CUZ reach a price target of $27, previously predicting the price at $26. The rating they have provided for CUZ stocks is “Overweight” according to the report published on December 18th, 2023.
Truist gave a rating of “Buy” to CUZ, setting the target price at $28 in the report published on September 15th of the previous year.
CUZ Trading at 3.65% from the 50-Day Moving Average
After a stumble in the market that brought CUZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.80% of loss for the given period.
Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares surge +0.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.65% upper at present.
During the last 5 trading sessions, CUZ rose by +1.73%, which changed the moving average for the period of 200-days by +22.25% in comparison to the 20-day moving average, which settled at $29.30. In addition, Cousins Properties Inc. saw 20.49% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CUZ starting from Roper Pamela F, who sale 7,047 shares at the price of $29.13 back on Sep 12 ’24. After this action, Roper Pamela F now owns 49,322 shares of Cousins Properties Inc., valued at $205,279 using the latest closing price.
Roper Pamela F, the Officer of Cousins Properties Inc., proposed sale 7,047 shares at $28.60 during a trade that took place back on Sep 12 ’24, which means that Roper Pamela F is holding shares at $201,544 based on the most recent closing price.
Stock Fundamentals for CUZ
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.45 for the gross margin
The net margin for Cousins Properties Inc. stands at 0.07. The total capital return value is set at 0.02. Equity return is now at value 1.31, with 0.78 for asset returns.
Based on Cousins Properties Inc. (CUZ), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.77. The interest coverage ratio of the stock is 1.52.
Currently, EBITDA for the company is 503.67 million with net debt to EBITDA at 5.21. When we switch over and look at the enterprise to sales, we see a ratio of 8.72. The receivables turnover for the company is 3.44for trailing twelve months and the total asset turnover is 0.11.
Conclusion
In conclusion, Cousins Properties Inc. (CUZ) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
