The Cenovus Energy Inc (CVE) Receives Average Recommendation of "Buy" from Brokerages

The institutional investor held 36,435 shares of the consumer non-durables company at the end of 2017Q3, valued at $4.06 million, down from 39,440 at the end of the previous reported quarter. The stock increased 1.20% or $1.31 during the last trading session, reaching $110.19. About 6.44M shares traded or 66.99% up from the average. It has outperformed by 10.05% the S&P500. The stock has a market capitalization of $9.94 Billion however its outstanding shares are 1.29 Billion. For the next financial year, analysts anticipate that the company will post earnings of $0.22 per share, with EPS estimates ranging from $0.08 to $0.45. Mawer Investment Management Ltd who had been investing in Cenovus Energy Inc for a number of months, seems to be less bullish one the $9.01B market cap company.

On the other hand the company has Relative Strength Index (RSI 14) of 20.42 along with Average True Range (ATR 14) of 0.45, Consequently Cenovus Energy Inc (NYSE:CVE)'s weekly and monthly volatility is 7.57%, 4.39% respectively. This works out to a net increase in ownership of 226.73 million shares, and suggests that institutions are feeling bullish about the stock. Cenovus Energy Inc. (NYSE:CVE) has declined 34.01% since February 13, 2017 and is downtrending. It has underperformed by 50.71% the S&P500.

Burgundy Asset Management Ltd, which manages about $19.85 billion and $10.56 billion US Long portfolio, decreased its stake in Pennantpark Investment Corp.

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Cenovus Energy Inc (NYSE:CVE)'s trailing twelve month revenues are $12.72 Billion, whereas its price to sales ratio for the same period is 0.76. (NYSE:CVE) to report earnings on February, 15. Annual EPS Growth of past 5 years is 13.60%. CVE's profit will be $60.49M for 37.25 P/E if the $0.05 EPS becomes a reality. Previously Cenovus Energy Inc (NYSE:CVE) reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.11 with surprise factor of 91.7%.

In terms of Buy, Sell or Hold recommendations, Cenovus Energy Inc (NYSE:CVE) has analysts' mean recommendation of 2.6. Therefore 79% are positive. PepsiCo had 64 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Morgan Stanley on Monday, June 13 to "Overweight". (NASDAQ:PEP) on Thursday, August 27 to "Buy" rating. More interesting news about Cenovus Energy Inc. Scotiabank lowered Cenovus Energy from an "outperform" rating to a "sector perform" rating in a report on Wednesday, November 15th. The stock of Cintas Corporation (NASDAQ:CTAS) earned "Buy" rating by Nomura on Friday, August 26. On Tuesday, January 24 the stock rating was downgraded by Macquarie Research to "Underperform". (NYSE:CVE) has "Buy" rating given on Tuesday, January 26 by Goldman Sachs.

Among 54 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Cintas had 42 analyst reports since August 14, 2015 according to SRatingsIntel. The company was maintained on Friday, July 21 by Cantor Fitzgerald. The rating was maintained by Wedbush on Thursday, April 28 with "Outperform". Morgan Stanley downgraded the shares of CVE in report on Wednesday, July 19 to "Hold" rating. KeyBanc Capital Markets has "Overweight" rating and $110 target. Royal Bank of Canada reissued a "buy" rating and set a $15.00 price objective on shares of Cenovus Energy in a research report on Monday, October 16th. The firm earned "Hold" rating on Tuesday, December 20 by Stifel Nicolaus. On Friday, May 26 the stock rating was reinitiated by Credit Suisse with "Outperform". The firm has "Overweight" rating by Piper Jaffray given on Tuesday, August 18. SELL rating has been given by 0 analyst (s) and 2 analyst (s) given BUY rating to the stock. Double in 2018?" with publication date: "December 20, 2017. Cox Christopher K also sold $2.83M worth of Facebook, Inc. Among active positions in the latest quarter, 113 holders increased their positions by a total of 291.81 million shares, 129 holders decreased the positions by a total of 65.08 million shares, and 59 holders held their positions. (NYSE:DY). Oppenheimer Com holds 16,154 shares. (NASDAQ:FB) or 5,587 shares. $6.57M worth of Facebook, Inc. (NYSE:POT) by 775,620 shares in the quarter, leaving it with 11.20 million shares, and cut its stake in Autonation Inc.

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