Cass Information Systems (NASDAQ:CASS – Get Free Report) had its price objective lifted by research analysts at Piper Sandler from $44.00 to $45.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Piper Sandler’s target price suggests a potential upside of 11.69% from the company’s current price.
Cass Information Systems Stock Down 4.5 %
Shares of CASS stock opened at $40.29 on Friday. The company has a market capitalization of $549.72 million, a P/E ratio of 18.40 and a beta of 0.70. Cass Information Systems has a 12-month low of $36.22 and a 12-month high of $50.25. The firm has a 50-day moving average price of $41.52 and a 200 day moving average price of $42.25.
Cass Information Systems (NASDAQ:CASS – Get Free Report) last posted its earnings results on Thursday, July 18th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). The firm had revenue of $48.59 million during the quarter, compared to the consensus estimate of $50.00 million. Cass Information Systems had a net margin of 13.84% and a return on equity of 12.26%. As a group, research analysts expect that Cass Information Systems will post 1.85 earnings per share for the current year.
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Cass Information Systems Company Profile
Cass Information Systems, Inc provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. The company operates through two segments, Information Services and Banking Services. Its services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information.
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