Piper Sandler has adjusted its price target for Cass Information Systems (CASS, Financial), lowering it slightly from $47 to $46, yet maintaining an Overweight rating on the stock. This revision follows the company's recent quarterly results, which included some accounting complexities due to the sale of a business segment. This segment, now considered discontinued, had contributed three cents to earnings per share in the first quarter.
Despite a continuing decrease in transportation volumes, there is a stabilization noted in the per invoice basis. The management team at Cass remains optimistic about the company’s future, highlighting potential for substantial business achievements and operational efficiencies, particularly within the facilities segment. Piper Sandler aligns with this outlook, indicating prospective growth and performance improvements in these areas.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Cass Information Systems Inc (CASS, Financial) is $46.00 with a high estimate of $46.00 and a low estimate of $46.00. The average target implies an upside of 13.78% from the current price of $40.43. More detailed estimate data can be found on the Cass Information Systems Inc (CASS) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Cass Information Systems Inc's (CASS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cass Information Systems Inc (CASS, Financial) in one year is $50.13, suggesting a upside of 23.99% from the current price of $40.43. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cass Information Systems Inc (CASS) Summary page.
