Cousins Properties Incorporated (CUZ) Stock Is Worth the Long-Term Chance

Analysts at Wells Fargo, assumed coverage of Cousins Properties Incorporated (NYSE:CUZ) with Market Perform recommendation, according to their opinion released on April 20. BofA/Merrill analysts bumped their recommendation on CUZ stock from Neutral to Buy in a separate flash note to investors on December 04. Analysts at Stifel issued an upgrade from Hold to Buy for the stock, in a research note that dated back to August 01.

By watching the trading activity of corporate insiders, it will become easier to get a sense of Cousins Properties Incorporated (NYSE:CUZ)’s prospects. The earliest insider trade took place on 07/31/2018. Gellerstedt Lawrence L Iii parted with a total of 1.66 thousand shares of company at average share price of $9.26. The total for the sales was set at $15.37 thousand. After this transaction, the Chairman of the Board account balance stood at 678.41 thousand shares. The stock lost -7.99 percent since that insider sale. On 07/31/2018, Mccoll John S, Executive Vice President, sold 14.33 thousand shares at a price per share of $9.26. This removed 132.72 thousand shares from the insider’s fortune and the stock saw a -7.99 percent retreat in value since the news became public. This transaction left 157.3 thousand shares in the Executive Vice President account. On 04/16/2018, Director Casal Edward Manuel performed a purchase transaction worth $1.36 thousand. This purchase at $8.74 each has added 0.16 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -2.52 percent decrease since the transaction was reported. The insider now is left with 63.21 thousand shares remaining in the account. Glover S Taylor, who performs the Lead Independent Director job, sold 74.35 thousand shares for $699.64 thousand. The disposal occurred on 12/12/2017 was priced at $9.41 per share. The share price plunged -9.46 percent since the reporting date. Glover S Taylor now left with a stake of 496.41 thousand CUZ stock worth $4.23 million after the insider selling.

Cousins Properties Incorporated (CUZ) is expected to jump by 15.96 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $10.5-month high price target. This represents a whopping 23.24 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $10, which represents a return potential of 17.37 percent when compared to the closing price of the stock of $8.52 on Friday, January 11. The lowest price target for the stock is $9 — slightly more than 5.63 percent from CUZ’s current share price.

The shares are currently floating around the first support level of $8.45. Below this, the next support is placed in the zone of $8.39. Till the time, the CUZ stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 62.14 on daily chart, which may remain a cause for concern. If the price breaks below $8.39 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $8.56 mark may result into a pull-back move towards $8.61 level.

CUZ shares accumulated 0.02 points or 0.24 percent on Friday to $8.52 with a heavy trade volume of 5.093 million shares. After opening the session at $8.47, the shares went as high as $8.54 and as low as $8.43, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $3.57 billion and now has 419.4 million shares outstanding. Cousins Properties Incorporated (CUZ) stock has gained 2.77 percent of market value in 21 trading days.

CUZ stock has a trailing 3-year beta of 0.92, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.21 a share in the trailing twelve months. The stock’s value has surged 7.85 percent year to date (YTD) against a decline of -5.44 percent in 12 month’s time. The company’s shares still trade -13.77 percent away from its 1-year high of $9.88 and 13.15 percent up from 52-week low of $7.53. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Cousins Properties Incorporated (CUZ) are trading at a P/E ratio of 16.64 times earnings reported for the past 12 months. The industry CUZ operates in has an average P/E of 32.49. Its P/E ratio went as low as 11.13X and as high as 305.33 over the 5-year span. Further, it is sporting a 7.66 on the Price-to-Sales ratio. Compare this with the industry average P/S of 10.23. 64.9 percent is the gross profit margin for Cousins Properties Incorporated and operating margin sits at 20.2 percent. Along with this, the net profit margin is 18.9 percent.

CUZ will be showing off its Q4 earnings on February 06. Analysts are forecasting revenue to climb 7.6 percent to $118M in the next fiscal quarter, while earnings are seen soaring by nearly -71.43 percent to $0.02 per share. History has shown that shares in Cousins Properties Incorporated have gone down on 18 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.05 per share, better than the $0.01, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $115M, in line with the $115M analysts expected. Earnings are estimated to increase by 118.2 percent this year, -46.67 percent next year and continue to increase by 0 percent annually for the next 5 years.