Stagwell (NASDAQ:STGW) Stock Gets Price Target Bump from Rosenblatt Securities

Stagwell (NASDAQ:STGW) had its price target lifted by 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 points to a potential upside of 24.16% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on STGW. The Goldman Sachs Group started coverage on Stagwell in a report on Monday, October 5th. They issued a “buy” rating and a $13.00 target price on the stock. B. Riley Financial reissued a “buy” rating and set a $12.00 price target (up from $10.00) on shares of Stagwell in a research note on Friday. Needham & Company LLC raised their price target on Stagwell from $10.00 to $12.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company lifted their price objective on Stagwell from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Weiss Ratings raised Stagwell from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.67.

Stagwell Stock Performance

Shares of NASDAQ STGW opened at $10.47 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $2.56 billion, a P/E ratio of 261.82 and a beta of 1.23. The firm’s fifty day moving average is $8.72 and its two-hundred day moving average is $7.17. Stagwell has a 52-week low of $4.28 and a 52-week high of $10.61.

Stagwell (NASDAQ:STGW) last announced 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. Stagwell had a net margin of 0.31% and a return on equity of 29.37%. The business had revenue of $816.03 million for the quarter, compared to analysts’ expectations of $838.38 million. During the same quarter in the previous year, the company earned $0.24 EPS. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, analysts anticipate that Stagwell will post 0.92 EPS for the current fiscal year.

Institutional Trading of Stagwell

A number of large investors have recently made changes to their positions in STGW. Dimensional Fund Advisors LP lifted its holdings in shares of Stagwell by 22.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,035,320 shares of the company’s stock valued at $31,671,000 after acquiring an additional 923,771 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Stagwell during the second quarter worth approximately $3,907,000. Empowered Funds LLC bought a new stake in Stagwell during the first quarter worth approximately $2,862,000. First Trust Advisors LP raised its position in Stagwell by 53.0% during the first quarter. First Trust Advisors LP now owns 673,642 shares of the company’s stock valued at $4,237,000 after purchasing an additional 233,489 shares during the period. Finally, Sei Investments Co. raised its position in Stagwell by 104.2% during the first quarter. Sei Investments Co. now owns 371,788 shares of the company’s stock valued at $2,339,000 after purchasing an additional 189,751 shares during the period. 35.61% of the stock is currently owned by institutional investors.

About Stagwell

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.